An ARM gives you a lower fixed rate for an initial period (like 5, 7, or 10 years) before it can adjust. If you plan to move or refinance before then, it can be a smart way to save.
A lower starting rate and payment during the fixed period, ideal if you do not expect to keep the loan long term.
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Only if you keep it past the fixed period without a plan. Erlis makes sure an ARM fits your timeline, and the rate caps protect you.
The rate is fixed for 7 years, then can adjust every 6 months, within set caps.
Free to check, with no impact to your credit. Erlis runs your exact numbers and compares your options.
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