An adjustable rate mortgage* (ARM) is a loan where the interest rate and monthly principal and interest (P&I) payments will adjust periodically. Loans are available in a variety of terms and typically include interest rate caps that set a limit on how high your interest rate can go.
For more information or to apply for a loan, schedule an appointment with an AuburnBank Mortgage Originator today.
*All loans are based on approved credit.
*Account disclosures are provided at application.
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