Adjustable Rate Mortgage

An adjustable-rate mortgage (ARM) is a loan that offers a lower initial interest rate than most fixed-rate loans. The trade-off is that the interest rate can change periodically, usually in relation to an index, and the monthly payment will increase or decrease accordingly.

Although the lower payment at the beginning of the loan is an advantage, you should weigh the risk that an increase in interest rates could lead to higher monthly payments in the future. You get a lower initial rate with an ARM in exchange for assuming more risk.

For many people, an ARM is the right mortgage choice, particularly if your income is likely to increase in the future or if you only plan on being in the home for three to five years. Click here to learn more about how an adjustable rate mortgage works.

Whether you are considering purchasing a new home or deciding if it’s the right time to refinance, use our calculators to help you make your decision. Explore our helpful resources to answer many of your mortgage questions, or talk with one of our loan officers to determine the mortgage that’s right for you. 

Senior Vice President, Mortgage Loan Officer
NMLS #
663412
Oklahoma City and Edmond Areas
405.427.4000
Vice President, Mortgage Loan Officer
NMLS #
210604
Tulsa Area
918.523.3600
Vice President, Mortgage Loan Officer
NMLS #
1019199
Stillwater Area
405.372.2234
Vice President, Mortgage Loan Officer
NMLS #
NMLS #663438
Oklahoma City and Edmond Areas
405.427.4000
Mortgage Loan Officer
NMLS #
1253940
Stillwater Area
405.372.2234
Senior Vice President, Mortgage Sales Manager
NMLS #
595241
All Texas Markets
512.314.6700
Vice President, Mortgage Loan Officer
NMLS #
266887
All Texas Markets
512.314.6700
Vice President, Mortgage Loan Officer
NMLS #
641933
Wichita and Hutchinson Areas
316.315.1600
Vice President, Mortgage Loan Officer
NMLS #
1267440
All Colorado Markets
303.754.5384