Adjustable Rate Mortgage
Flrodia Home Sales in Palm Beach County, Martin County, St Lucie County

Adjustable Rate Mortgage (A.R.M.) - 

The defining factor of an Adjustable Rate Mortgage (ARM) is that the monthly payments can increase or decrease according to the interest rate it’s associated with.


Fixed rate periods are generally offered in a few different ways and one should consider which option will work best for their own current financial situation. Check out a few of the very common options for this mortgage type below:


10/1 ARM

Fixed for 120 months then, adjustments are made annually for the remaining duration of the loan.


7/1 ARM

Fixed for 84 months then, adjustments are made annually for the remaining duration of the loan.


5/1 ARM

Fixed for 60 months then, adjustments are made annually for the remaining duration of the loan.


3/1 ARM

Fixed for 36 months then, adjustments are made annually for the remaining duration of the loan.


The leading number in each Adjustable Mortgage Rate Type will be the number of years that the introductory rate offered will last until the interest rate and monthly payments  associated with it go up and down. For further explanation, real estate buyers should contact their preferred lender to help walk through each option and clarify any questions that may arise. Purchasing real estate property is a major financial purchase and all options should be taken into consideration to determine which to select before submitting any offer. This absolutely will make the buying process much smoother, not to mention, less stressful for all parties involved!
Flrodia Home Sales in Palm Beach County, Martin County, St Lucie County
Why should you work with a REALTOR®?

It's a common question that we hear a lot, but it can be simply summed up with 7 simple reasons that don't even include the money gains that you stand to earn from your real estate sales. REALTORS® aren’t just agents. They’re professional members of the National Association of REALTORS® and subscribe to its strict code of ethics. If you're considering purchasing or selling a home in Palm Beach County, Martin County, St Lucie County, or anywhere else in Florida, then you REALLY need a realtor for many other reasons not even mentioned below.  There's a LOT more to it than most people realize, and the cost in time, money & energy to you for not having a REALTORS® can be staggering!

This is the REALTOR® difference for home buyers:
  1. An expert guide. Selling a home usually requires dozens of forms, reports, disclosures, and other technical documents. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes. Also, there’s a lot of jargon involved, so you want to work with a professional who can speak the language.

  2. Objective information and opinions. REALTORS® can provide local information on utilities, zoning, schools, and more. They also have objective information about each property. REALTORS® can use that data to help you determine if the property has what you need.

  3. Property marketing power. Property doesn’t sell due to advertising alone. A large share of real estate sales comes as the result of a practitioner’s contacts with previous clients, friends, and family. When a property is marketed by a REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally pre-screen and accompany qualified prospects through your property.

  4. Negotiation knowledge. There are many factors up for discussion in a deal. A REALTOR® will look at every angle from your perspective, including crafting a purchase agreement that allows you the flexibility you need to take that next step.

  5. Up-to-date experience. Most people sell only a few homes in a lifetime, usually with quite a few years in between each sale. Even if you’ve done it before, laws and regulations change. REALTORS® handle hundreds of transactions over the course of their career.

  6. Your rock during emotional moments. A home is so much more than four walls and a roof. And for most people, property represents the biggest purchase they’ll ever make. Having a concerned, but objective, third party helps you stay focused on the issues most important to you.

  7. Ethical treatment. Every REALTOR® must adhere to a strict code of ethics, which is based on professionalism and protection of the public. As a REALTOR®’s client, you can expect honest and ethical treatment in all transaction-related matters.

When looking for homes for sale in Palm Beach County, Martin County and St. Lucie County, Florida Home Sales can help you find your ultimate dream home.

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