Adjustable rate mortgages typically begin with an interest rate approximately 2-3% lower than a comparable fixed rate mortgage. ARMs often allow borrowers to buy more expensive homes.

The interest rate on an ARM changes at specified times (for instance, each year) depending on the market, and if interest rates go up, your mortgage payment will go up. If interest rates go down, your mortgage payment will go down, also.

There are also mortgages that combine characteristics of adjustable rate mortgages and fixed rate mortgages. When you contact Sammamish Mortgage, one of our mortgage professionals will explain all loan options to you, and we will discuss which mortgage best fits your specific financial situation.

Family-owned and referral-based, Sammamish Mortgage has been serving the Pacific Northwest since 1992. We pride ourselves on building and maintaining long-standing business relationships based on the foundation of integrity, trust and excellent business practices.