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Are you looking for flexibility with your mortgage interest rate? An ARM Loan offers a lower-than-average introductory rate. If rates fall in the future, you won’t have to refinance to get a lower rate.

ARM Loans can have a variety of terms, but usually there is an introductory period with a lower interest rate than you’d get with a fixed-rate loan. After the introductory period ends, your interest rate can adjust up or down periodically, depending on the benchmark rate. Your mortgage payment would also change according to your interest rate.

When to consider a variable-rate mortgage

  • You think interest rates will fall in the future
  • You don’t plan to stay in this home for the long term
  • You have enough margin in your budget to accommodate a higher mortgage payment

Apply for an adjustable-rate mortgage from West Shore Bank!

West Shore Bank's mortgage lenders are based in your Northern Michigan and West Michigan communities along the lakeshore. All decision-making and loan processing is done locally. With attentive, friendly service from start to finish, West Shore Bank can help you find the mortgage loan solution that is right for you. Apply for an adjustable-rate conventional mortgage online or visit one of our nine locations in Ludington, Frankfort, Hart, Manistee, Onekama, Scottville, or Traverse City.