Adjustable Rate Mortgage (ARM)

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An adjustable-rate mortgage, or ARM, is a type of mortgage in which the interest rate applied to the outstanding balance varies throughout the life of the loan. At the end of the initial fixed-rate period, ARM interest rates will become variable which could either increase or decrease the borrower’s monthly mortgage payment.

The interest rate for an adjustable-rate mortgage changes periodically. You might start with lower monthly payments than you would with a fixed-rate mortgage, but fluctuating interest rates will likely make those monthly payments rise in the future.

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Portia Green, REALTOR®

Portia's clients all have a similar story. She feels like a friend and most likely you met her at the kitchen table or huddled up in the living room. Her personable nature and easy going approach attract sellers and buyers alike, in what can be a stressful and emotionally charged experience. An experienced REALTOR® with 15 years experience, she is just as excited about real estate today as she was with her first transaction. Portia remains ever-committed to helping her clients find their place in the world and helping busy people navigate this crazy real estate market like a pro.