• JJ Wilferth

    JJ Wilferth

    Loan Officer
    NMLS# 1182773

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    What is an Adjustable Rate Mortgage

    Kansas City adjustable rate mortgage

    An adjustable-rate mortgage (ARM) is a loan term option with interest rates that can change periodically after the initial fixed-rate period. After this introductory period, monthly payments are susceptible to increases or decreases based on market fluctuations, which can also affect the monthly payment.

    Adjustable-Rate Mortgage Highlights

    An ARM might be the right option for you if you plan on moving within 7 years since they feature lower introductory interest rates. If interest rates are expected to fall, a homeowner could potentially reduce their monthly payments with the lowered interest rates. Highlights of an adjustable-rate mortgage include:

    • Lower initial monthly payments
    • Possibility to qualify for higher loan amounts
    • Rates and Payments may decrease based on the index rate

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    Questions? Contact JJ Wilferth Today!
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    Contact JJ Wilferth

    JJ Wilferth

    9393 W 110th St Suite 250
    Overland Park, Kansas 66210
    (816) 582-5978
    NMLS# 1182773

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    If you have any immediate questions or concerns don't hesitate to give us a call @ (816) 582-5978

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