[b][Tempe, September 19, 2016][/b] – Primary Residential Mortgage, Inc., a nationwide and independent residential mortgage banker, offers adjustable-rate mortgage options in over 49 states. The home loan options allow homebuyers to close on a home quickly and enjoy lower interest rates and monthly payments during the initial period of the loan.

The adjustable-rate mortgage (ARM) program is increasingly becoming a popular choice among homebuyers because of its features and negotiable payment arrangements. Individuals looking to purchase a home or refinance a current mortgage may choose among the following ARM options offered by Primary Residential Mortgage, Inc.

[b]Adjustable-Rate Mortgages[/b]

An ARM is basically a home loan option where the interest rate becomes adjustable either downward or upward. A lower rate will be beneficial to those who wish to refinance and a higher rate will benefit those who are planning to sell the home.

In the first five to ten years of the loan, the borrower will get a fixed rate. After the fixed-rate term, the rate will adjust based on an index or margin. This option is ideal for those seeking jumbo loans and having a hard time obtaining fixed-rate loans.

The best feature of an ARM is that the initial interest rate is lower and repayment arrangements are negotiable. Here are the following ARM options offered by Primary Residential Mortgage, Inc.

• Monthly Adjustable-Rate Mortgage – A monthly ARM is where the interest rate is adjustable every month following the initial fixed-rate term. It is a more popular choice among borrowers because the rate is lower due to reduced risks.

• Annual Adjustable-Rate Mortgage – An annual ARM has a rate that is recalculated every year. The annual adjustment varies throughout the life of the loan based on a benchmark or index and the ARM margin.

Primary Residential Mortgage, Inc. offers different types of adjustable-rate mortgages to suit various lifestyles and preferences. Its growing family of mortgage specialists is committed to helping homebuyers and owners get the best adjustable-rate mortgage product that fits their needs and financial situation. Being an independent, full-service direct lender, an in-house underwriting team can help borrowers close on a home in as little as two to six weeks.

[b]About Primary Residential Mortgage, Inc.[/b]

Primary Residential Mortgage, Inc. is a direct national mortgage lender offering a range of home loan programs in over 250 locations across 49 states. Since 1998, the company has helped over 250 million Americans turn their homeownership dream into a reality.

For more details about their home loan options and services, interested clients may visit their website at http://www.prmiloans.com.