If you’re looking to buy a new home or refinance, but plan to sell in the next few years, an Adjustable Rate Mortgage (ARM) could be the right move for you. An ARM offers an initial rate significantly lower than a traditional 15 or 30-year mortgage. That rate remains the same for a 3, 5, 7 or 10-year term (you choose), then adjusts upward or downward to match current market rates. The result is that you can minimize your monthly payments for the length of the chosen term, potentially saving thousands of dollars. An ARM isn’t right for every situation, so be sure to contact a LMCU mortgage professional to see if an ARM makes sense for you.