Adjustable Rate Mortgage Banner

Adjustable-Rate Mortgage

If you're thinking about getting a home loan and want some flexibility, consider an Adjustable-Rate Mortgage (ARM). With an ARM, your interest rates change along with the market, which means your monthly payments might go up or down.

At Bank Central, we offer competitive rates and are knowledgeable of the market. If you're considering an ARM, talk to one of our lending experts to figure out what works best for you.

Why an Adjustable-Rate Mortgage might be a good decision for you:

  • Lower Initial Interest: Unlike fixed-rate mortgages, ARMs often start with lower interest rates, which means lower payments, especially if you're only planning to stay in your home for a short time.
  • Good for Short-Term Buyers: If you're planning to move soon and rates are low, an ARM could help you save money on your mortgage.
  • Your Interest Rate Reflects the Market: With an ARM, your payments are based on market conditions. This means they could go up if rates rise, but they could also go down if rates drop. Be prepared for changes in your payments.
  • No Penalties for Paying Extra: You won't be charged extra for paying more towards your loan. This can help you pay off your loan faster and save on interest.
  • Choose Your Loan Term: ARMs typically last 30 years, but you can choose how long your initial interest rate stays fixed. Common options include 5, 7, or 10 years.


Whether you're planning to stay in your home for a short time or want to pay off your loan quickly, an ARM might be a good fit. To learn more or see if you qualify, visit your local Bank Central branch, or start the prequalification process online.