Adjustable Rate Mortgages (ARMs) can be an effective tool for helping some prospective home buyers achieve their dream of home ownership. ARMs can be an excellent choice of financing under certain conditions, such as rising income expectations, high interest rates, and short-term home ownership. But because payments and interest rates can increase, home buyers need to consider their income to keep up with all possible rate and/or payment changes. For more information and to see if an adjustable rate mortgage is right for you, call one of our loan officers at 1-800-947-8382.