Moving Family Forward

Adjustable-Rate Mortgage (ARM) in Birmingham & Huntsville

For more than 20 years now, Weber Mortgage has been the most reliable mortgage company to provide services for an Adjustable-Rate Mortgage (ARM) in Birmingham, Huntsville, MobileBessemer, Montgomery, and other Alabama cities within our service area.

Weber Mortgage has been operating since 1999 and has earned quite a respected place among the clients. Our experts offer superior rates and services for VA, FHA, conventional, non-qualifying, and other types of home loans. From the first contact to the final closing, your biggest investment is our priority. We make your home loan process clear and straightforward.

What is an Adjustable-Rate Mortgage (ARM)?

A variable-rate mortgage, adjustable-rate mortgage, or tracker mortgage is a mortgage loan with the interest rate periodically adjusted based on an index that reflects the cost to the lender of borrowing, on the credit markets. The loan may be offered at the lender's standard variable rate/base rate.

Pros & Cons of an Adjustable-Rate Mortgage (ARM)

Pros & Cons of an Adjustable-Rate Mortgage

Pros of an ARM

  • It has lower rates and payments early in the loan term, allowing a borrower to get more home for his or her money.
  • It allows borrowers to take advantage of falling rates without refinancing. Instead of paying a whole fresh set of closing costs and fees, ARM borrowers just sit back and watch the rates — and their monthly payments — fall.
  • It can help borrowers save and invest more money. A homeowner with a payment that is $100 lower with an ARM can put that money in a higher-yielding investment.
  • It offers a cheaper way for borrowers who don’t plan on living in one place for very long to buy a house.

Cons of an ARM

  • Rates and payments can rise significantly over the life of the loan, which can be a shock to your budget.
  • Some annual caps don’t apply to the initial loan adjustment, making it difficult to swallow that first reset.
  • ARMs are more complex than their fixed-rate counterparts, making it easier for lenders to include adjustment indexes and other issues that are difficult for borrowers to understand.

Trust Weber Mortgage to Create Your ARM in Birmingham, Adamsville, & Echola

It’s human nature to build a family and want as much home as you can afford while your family grows. Weber Mortgage is a family-owned company that will find the most suitable loan & home that meets your desire and fits your financial status. Contact us today or call us at 205-751-8583 to take the first step in making your dream home come true. Our services are available in Adamsville, Birmingham, Demopolis, Calera, Echola, and other cities within our Alabama service area.