Adjustable Rate
Mortgages

An Adjustable Rate Mortgage (ARM) is a loan type that features an interest rate that will change/adjust at a scheduled interval.

An Adjustable Rate Mortgage (ARM) may save you money and work for short-term borrowers. One type of ARM, called a Hybrid ARM, begins with a fixed interest rate for a period of time and then switches to a variable interest rate loan that change/adjusts on a yearly basis – i.e.: a 5/1 ARM loan will have a fixed interest rate for the first five (5) years, followed by a variable interest rate that changes/adjusts annually.

Experience matters and we’re here to help you find the right mortgage to fit your situation. Our Mortgage Specialists are available at a mutually agreeable time at the office location most convenient for you.

FAIR LENDING STATEMENT:
Ulster Savings Bank is committed to making high quality banking and credit services available to all applicants consistently and in compliance with fair lending laws and within the confines of safe and sound banking practices. Ulster Savings Bank believes that its commitment to fair lending is a good business practice as well as a basic responsibility of the company. The Bank’s success at serving a wide range of consumer and business customers is essential to the economic welfare of the community in which it conducts business and to the continued growth and vitality of the company.

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