FAQs
I have an Adjustable Rate Mortgage. Why did my payment increase?
Because you have an Adjustable-Rate Mortgage (ARM Loan), your payment will periodically change when interest rates change. Changes in taxes and insurance can also influence payments if you have an escrow account. For more information about escrow accounts, click here. You will receive a notice of adjustment prior to any changes to your payment.
Click here to learn more about your Adjustable Rate Mortgage.