10 Year Adjustable Rate Mortgages stay fixed for 10 years and than go adjustable. Typically you would want a 10 year ARM because they frequently have better rates than say a typical 30 year fixed, while you get to enjoy ten years of a fixed payment.

Ten year ARMs will stay at a fixed rate for 10 years and proceed into the adjustable realm once the fixed term has expired. This loan is ideal for the undecided home owner. If you are not positive of where the future will take you, and may be selling your home or refinancing in the next 10 years, this mortgage product is for you.

! Mortgage Tip
How long you plan on keeping a home can be very important in choosing which mortgage program works best for you. Ask your loan officer for an explanation of why you may be better off with an ARM pricing rather than the traditional 30 year fixed.

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