Is an Adjustable Rate Mortgage (ARM) right for you?
M&T offers adjustable rate options for many of our mortgage products. Our Loan Officers are here to help determine if an ARM may be right for you.
What you should know about ARMs
Adjustable Rate Mortgage Details:
You will have an initial fixed interest rate for a predetermined period of time, followed by an adjustable interest rate which can periodically change
Typically have lower interest rates than a fixed-rate mortgage
May allow you to have a lower monthly payment and borrow more overall
Available for new purchases and refinances
Available on a variety of products, including FHA, VA and jumbo loans
An ARM may be the right choice if you:
Plan to stay in your home short term
You may benefit from an ARM if you plan to move again before the initial interest rate resets
Need to increase your cash flow
The lower initial interest rate on an ARM may offer you a lower monthly payment, freeing up your monthly cash flow
Want to pay off your mortgage
An ARM may be right for you if you plan to pay off your mortgage before the initial interest rate resets
We’re with you every step of the way.
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Buying a home can be stressful. That’s why we’re here to help answer questions and keep the process moving, so you can focus on what matters most.
