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Worth Mount Online Bank Mortgage offers adjustable rate mortgages (ARMs) with fixed terms for the initial three, five, seven or ten years and then adjust periodically based on changes in a pre-selected index, most commonly, Treasury, LIBOR and COFI for the remaining term.
ARMs have lower initial interest rates during the fixed term than long-term fixed loans, which means a lower monthly payment. These loans can be great for first-time homebuyers or those who plan to spend a few years in a home before moving to something new.
Click here to learn more about Worth Mount Online Bank Mortgage.
Mortgage Lending is provided through our affiliate Worth Mount Online Bank Mortgage. Worth Mount Online Bank Mortgage is a division of Barrington Bank and Trust N.A., NMLS # 449042.
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