An adjustable rate mortgage means the interest rate can change during the life of the loan. With a lower initial rate, this makes it an excellent option if you are not planning to stay in the home for more than a few years. An ARM loan means you’ll get:
You are leaving Bank of Botetourt’s website for a third-party site with a different privacy policy and security standards. We do not guarantee the accuracy of its content and are not responsible for any views, advice, or recommendations found there. Click Proceed to continue or Cancel to return.
