Adjustable Rate Mortgages (ARMs) Georgia

With an Adjustable Rate Mortgage (ARM), the interest rate changes periodically, usually in relation to an index, and payments may go up or down accordingly.

Local Companies

1st USA Mortgage Corporation, Inc.
678-201-5904
1080 Holcomb Bridge Road Roswell
Roswell, GA
NovaStar Home Mortgage Inc.
800-949-9097
1 Glenlake Parkway
Atlanta, GA
Peachtree Mortgage Services
(770) 481-0052
5305 Claridge Square
Dunwoody, GA
AmeriSave Mortgage Corporation
1-866-325-0066
3350 Peachtree Road
Atlanta, GA
PREMIER MORTGAGE FUNDING, INC.
(888) 350-7696 EXT 705
4350 sunvalley bv.
Atlanta, GA
1st Commitment Mortgage Services, Inc.
678-205-0506
8200 Mall Parkway
Lithonia, GA
DreamCrafters Mortgage, LLC
678-475-1733
3883 Rogers Bridge Road
Duluth, GA
IP Communications
+1 678 460 1475
1343 Canton Road
Marietta, GA
American Source Mortgage
(678) 867-7088
11255
roswell, GA
The Perpetual Financial Group, Inc.
770-972-4955
1911 Grayson Hwy, Suite 8 #339
Grayson, GA


Adjustable Rate Mortgages (ARMs)

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With a fixed-rate mortgage, the interest rate stays the same during the life of the loan. With an Adjustable Rate Mortgage (ARM), the interest rate changes periodically, usually in relation to an index, and payments may go up or down accordingly.

 

 

Adjustable Rate Mortgages

At-A-Glance

Pro Con
Lower initial interest rates Lower rate means you potentially assume more risk
If interest rates remain steady or decrease, could be less expensive over time If interest rates increase, you’ll be faced with higher monthly payments in the future

 

 

TIP:  Before deciding that an ARM is right for you, ask yourself these questions:

  • Is my income likely to rise enough to cover higher mortgage payments if interest rates go up?
  • Will I be taking on other sizable debts, such as a loan for a car or school tuition, in the near future?
  • How long do I plan to own this home? (If you plan to sell soon, rising interest rates may not pose the problem they do if you plan to own the house for a long time.)
  • Can my payments increase even if interest rates generally do not increase?


The Basic Features

 

The Adjustment Period: With most ARMs the adjustment period occurs every one, three or five years, resulting in a change in your interest rate and monthly payment.

The Index: Most lenders tie ARM interest rate changes to changes in an index rate. These indexes usually go up and down with the general movement of interest rates, making your monthly payment amount rise or fall accordingly.

The Margin: To determine the interest rate on an ARM, lenders add to the index rate a few percentage points called the margin. The amount of the margin can differ from one lender to another, but it is usually constant over the life of the loan.

This information is adapted from "Consumer Handbook on Adjustable Rate Mortgages" published by the Federal Reserve Board and the Office of Thrift Supervision.

 

Published on January 25, 2007

Read full article at realestate.com

Featured Local Company

Stonequest Mortgage, Inc.

770-479-6005
110 Prominence Point Pkwy., Ste 114
Canton, GA
http://www.stonequestmortgage.com

Stonequest Mortgage, Inc.

Regional Articles
- Adjustable Rate Mortgages (ARMs) Acworth GA
- Adjustable Rate Mortgages (ARMs) Albany GA
- Adjustable Rate Mortgages (ARMs) Alpharetta GA
- Adjustable Rate Mortgages (ARMs) Americus GA
- Adjustable Rate Mortgages (ARMs) Athens GA
- Adjustable Rate Mortgages (ARMs) Atlanta GA
- Adjustable Rate Mortgages (ARMs) Augusta GA
- Adjustable Rate Mortgages (ARMs) Austell GA
- Adjustable Rate Mortgages (ARMs) Baxley GA
- Adjustable Rate Mortgages (ARMs) Blairsville GA
- Adjustable Rate Mortgages (ARMs) Brunswick GA
- Adjustable Rate Mortgages (ARMs) Buford GA
- Adjustable Rate Mortgages (ARMs) Calhoun GA
- Adjustable Rate Mortgages (ARMs) Canton GA
- Adjustable Rate Mortgages (ARMs) Carrollton GA
- Adjustable Rate Mortgages (ARMs) Cartersville GA
- Adjustable Rate Mortgages (ARMs) Cedartown GA
- Adjustable Rate Mortgages (ARMs) Chatsworth GA
- Adjustable Rate Mortgages (ARMs) Columbus GA
- Adjustable Rate Mortgages (ARMs) Conyers GA
- Adjustable Rate Mortgages (ARMs) Cordele GA
- Adjustable Rate Mortgages (ARMs) Covington GA
- Adjustable Rate Mortgages (ARMs) Cumming GA
- Adjustable Rate Mortgages (ARMs) Dacula GA
- Adjustable Rate Mortgages (ARMs) Dahlonega GA
- Adjustable Rate Mortgages (ARMs) Dallas GA
- Adjustable Rate Mortgages (ARMs) Dalton GA
- Adjustable Rate Mortgages (ARMs) Dawsonville GA
- Adjustable Rate Mortgages (ARMs) Decatur GA
- Adjustable Rate Mortgages (ARMs) Douglas GA
- Adjustable Rate Mortgages (ARMs) Douglasville GA
- Adjustable Rate Mortgages (ARMs) Dublin GA
- Adjustable Rate Mortgages (ARMs) Duluth GA
- Adjustable Rate Mortgages (ARMs) Eatonton GA
- Adjustable Rate Mortgages (ARMs) Elberton GA
- Adjustable Rate Mortgages (ARMs) Ellenwood GA
- Adjustable Rate Mortgages (ARMs) Ellijay GA
- Adjustable Rate Mortgages (ARMs) Evans GA
- Adjustable Rate Mortgages (ARMs) Fairburn GA
- Adjustable Rate Mortgages (ARMs) Fayetteville GA
- Adjustable Rate Mortgages (ARMs) Fitzgerald GA
- Adjustable Rate Mortgages (ARMs) Flowery Branch GA
- Adjustable Rate Mortgages (ARMs) Forest Park GA
- Adjustable Rate Mortgages (ARMs) Fort Benning GA
- Adjustable Rate Mortgages (ARMs) Fort Valley GA
- Adjustable Rate Mortgages (ARMs) Gainesville GA
- Adjustable Rate Mortgages (ARMs) Griffin GA
- Adjustable Rate Mortgages (ARMs) Grovetown GA
- Adjustable Rate Mortgages (ARMs) Hartwell GA
- Adjustable Rate Mortgages (ARMs) Hephzibah GA
- Adjustable Rate Mortgages (ARMs) Hinesville GA
- Adjustable Rate Mortgages (ARMs) Jesup GA
- Adjustable Rate Mortgages (ARMs) Jonesboro GA
- Adjustable Rate Mortgages (ARMs) Kennesaw GA
- Adjustable Rate Mortgages (ARMs) Kingsland GA
- Adjustable Rate Mortgages (ARMs) La Fayette GA
- Adjustable Rate Mortgages (ARMs) Lagrange GA
- Adjustable Rate Mortgages (ARMs) Lawrenceville GA
- Adjustable Rate Mortgages (ARMs) Lilburn GA
- Adjustable Rate Mortgages (ARMs) Lithia Springs GA
- Adjustable Rate Mortgages (ARMs) Lithonia GA
- Adjustable Rate Mortgages (ARMs) Loganville GA
- Adjustable Rate Mortgages (ARMs) Mableton GA
- Adjustable Rate Mortgages (ARMs) Macon GA
- Adjustable Rate Mortgages (ARMs) Marietta GA
- Adjustable Rate Mortgages (ARMs) Mcdonough GA
- Adjustable Rate Mortgages (ARMs) Milledgeville GA
- Adjustable Rate Mortgages (ARMs) Monroe GA
- Adjustable Rate Mortgages (ARMs) Morrow GA
- Adjustable Rate Mortgages (ARMs) Moultrie GA
- Adjustable Rate Mortgages (ARMs) Newnan GA
- Adjustable Rate Mortgages (ARMs) Norcross GA
- Adjustable Rate Mortgages (ARMs) Peachtree City GA
- Adjustable Rate Mortgages (ARMs) Powder Springs GA
- Adjustable Rate Mortgages (ARMs) Ringgold GA
- Adjustable Rate Mortgages (ARMs) Riverdale GA
- Adjustable Rate Mortgages (ARMs) Rockmart GA
- Adjustable Rate Mortgages (ARMs) Rome GA
- Adjustable Rate Mortgages (ARMs) Rossville GA
- Adjustable Rate Mortgages (ARMs) Roswell GA
- Adjustable Rate Mortgages (ARMs) Saint Simons Island GA
- Adjustable Rate Mortgages (ARMs) Savannah GA
- Adjustable Rate Mortgages (ARMs) Sharpsburg GA
- Adjustable Rate Mortgages (ARMs) Smyrna GA
- Adjustable Rate Mortgages (ARMs) Snellville GA
- Adjustable Rate Mortgages (ARMs) Statesboro GA
- Adjustable Rate Mortgages (ARMs) Stockbridge GA
- Adjustable Rate Mortgages (ARMs) Stone Mountain GA
- Adjustable Rate Mortgages (ARMs) Suwanee GA
- Adjustable Rate Mortgages (ARMs) Thomaston GA
- Adjustable Rate Mortgages (ARMs) Thomasville GA
- Adjustable Rate Mortgages (ARMs) Thomson GA
- Adjustable Rate Mortgages (ARMs) Tifton GA
- Adjustable Rate Mortgages (ARMs) Toccoa GA
- Adjustable Rate Mortgages (ARMs) Tucker GA
- Adjustable Rate Mortgages (ARMs) Valdosta GA
- Adjustable Rate Mortgages (ARMs) Vidalia GA
- Adjustable Rate Mortgages (ARMs) Villa Rica GA
- Adjustable Rate Mortgages (ARMs) Warner Robins GA
- Adjustable Rate Mortgages (ARMs) Waycross GA
- Adjustable Rate Mortgages (ARMs) Winder GA
- Adjustable Rate Mortgages (ARMs) Woodstock GA
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