St. Louis | O'Fallon, IL
350 Hartman Lane, O'Fallon, IL 62269
Adjustable rate mortgages (ARM) typically offer home buyers the advantage of a lower payment during the initial period of the mortgage. Depending on the direction interest rates are taking, your loan can result in higher or lower monthly payments down the road. Understand the implication of your ARM by analyzing your monthly payment under different market scenarios.