ARM
Adjustable-rate mortgages in Wayne County, MI
An ARM starts with a fixed period, then adjusts. It can make sense if you plan to sell, recast, or refinance before the first adjustment — not because a teaser looks cheap on a banner. Brad can show the payment after the cap, not just year one. An ARM is not a promise that rates will cooperate.
Who this may fit
Buyers and refinancers who understand they may not keep the start rate for 30 years, and who want the tradeoff in writing.
Why borrowers use it
- 5/6, 7/6, and similar ARM structures depending on the investor
- Side-by-side vs. a 30-year fixed on the same file
- Caps, margin, and index explained in plain English
- No pressure to take an ARM if a fixed loan is the honest fit
Things to watch
An ARM is a plan to sell, recast, or refinance — not a promise that rates will cooperate. If you will still be in the house after the fixed period, look at the cap payment.
Documents commonly needed
- Same income and asset package as a fixed-rate loan
- Honest timeline for how long you will keep the house
Why work with Brad on ARM
Brad will put the cap payment on paper next to a 30-year fixed on the same file. If you will still be in the house after the fixed period, you should see that number before anyone sells you year one.
Next step
Call or text (248) 408-3855 with the property and your income type. Brad can help you review whether adjustable-rate mortgages may fit — subject to program requirements — or which related option to compare. You can also start a secure application or read how pre-approval works.