Adjustable Rate Mortgage (ARM)

Adjustable Rate Mortgage (ARM)

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Start Out With a Lower Interest Rate
Start Out With a Lower Interest Rate

Adjustable-Rate Mortgages (ARMs) can offer a lower initial interest rate than fixed-rate mortgages, but the rate can change at predetermined intervals over the life of the loan. However, you can rest easy knowing that interest rate caps will protect you if rates rise suddenly.

If you are not planning on staying in the property for longer than the adjustment interval, or if you think interest rates will fall in the next few years, an ARM may be right for you.

For purchase or refinance of a primary, secondary, or investment property
Available on loan amounts up to $3,000,000
Various terms available (fixed rate for first term, adjustable every year thereafter)
For single-family, 2-4 family unit, condos, leaseholds
Gifts allowed
Interest rate lock available
May be eligible to convert to fixed-rate mortgage later

Contact a Wilmington Trust mortgage specialist today at 1-866-829-1929 to initiate the pre-approval process or to apply for a mortgage. Or visit your nearest branch office.

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