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An Adjustable-Rate Mortgage (ARM) at Peoples Bank can be a smart option for homebuyers who want flexibility and potentially lower initial payments. This type of mortgage is especially attractive to first-time homebuyers looking for a low introductory rate or buyers who don’t plan to stay in their home for a long time.
These mortgages feature an interest rate that starts fixed, then changes periodically depending on the market. One popular option is a 7/1 ARM, which is fixed for 7 years and adjusted annually. We’ll help you identify the best type of ARM for your situation.
Our North Carolina mortgage lenders are ready to serve all of your home loan needs. Contact your local Mortgage Originator and we'll get to work right away.
