Adjustable-Rate Mortgages

The advantage of an adjustable rate mortgage

A First Citizens adjustable-rate mortgage (ARM) provides savings and flexibility. Lower rates at the beginning of the term give you more cash on hand when you need it.

First Citizens monitors the mortgage industry to make sure you get the best terms available. So, locking in on the best rate, early in the process, is the key to making an ARM work for you. Interest rate ceilings and specified adjustment dates over the life of the loan, further protect you from fluctuating rates in unpredictable times.

A First Citizens ARM could be right for you, especially if you're planning on selling your new home within a few years.

Features

• Lower initial rates.

• A variety of rate adjustment schedules to suit your needs.

• Interest-only payment options.

• Periodic or lifetime interest rate ceilings.

Benefits

• Lower initial monthly payments.

• Protection against large rate fluctuations.

• With a low interest rate to keep initial payments low, you may be eligible for a larger loan.

• With our interest-only payments option, you have greater cash flow flexibility.