Adjustable Rate Mortgage

Adjustable Rate Mortgage

An adjustable rate mortgage (commonly known as an ARM) features a lower initial interest rate for 5, 7 or 10 years. Following this initial term, your rate and monthly P&I payment can change annually based on prevailing interest rates. Advantages of a ditech adjustable rate mortgage include:

  • A lower rate and P&I payment during the initial term (though you may pay more in interest over the life of your loan)
  • The stability of a fixed monthly P&I payment during the initial term
  • Rate caps that limit how much your interest rate can increase annually and over the life of the loan
  • No prepayment penalty if you pay your loan off early

An adjustable rate mortgage may be right for you if:

  • You plan to relocate or refinance (again) in the next 5 to 7 years
  • You anticipate a major lifestyle change such as an increase in income
  • You are willing to accept the risk of future interest rate changes

Home Loan Specialist can help you decide which loan option is right for you.

Refinance Rates
Program Rate APR
15 Year Fixed 3.25% 3.501%
30 Year Fixed 4% 4.091%
FHA 30 Year Fixed 3.25% 4.625%
About these rates

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Saturday8am - 5pm ET

Sunday*1pm - 5pm ET

*Sunday Hours: Home Loan Specialists available for new loan applications only. Associates are not available for questions about existing accounts or applications in progress.

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