TODAY’S ADJUSTABLE-RATE MORTGAGES ARE A LOT DIFFERENT THAN THEY WERE IN THE PAST

And they may be the best choice for your purchase or refinance:

ARMs are smarter

• Most people only stay in their mortgage for 5 to 7 years. Why not go for the lower rate?
• With an ARM, more of your payment goes toward the principal, so you pay down your mortgage faster

ARMs are often safer

• ARMs no longer feature pre-payment penalties, so you can easily refinance

ARMs can save you money

• A lower rate means a lower payment, which means more cash in your pocket each month