Adjustable-Rate MortgagesWith lower initial interest rates and adjustable term options. Adjustable-Rate MortgagesEarn +150 PointsWhat is This?Adjustable-rate mortgages (ARMs) start with a fixed interest rate for a set period and then adjust when interest rates change over the life of the loan. An adjustable-rate mortgage may be right for you if: You want a lower initial monthly payment but anticipate being able to afford higher payments in the future. You're planning on selling or refinancing your home within the fixed-rate period of the ARM. Get Pre-Qualified or Apply Today Term Options AvailableOptions show the initial rate term / the frequency of adjustment / the length of loan in years. 3/1/30 5/1/30 7/1/30 New Term Options 5/5/30 15/15/30 10/1/30 - The option to convert to a fixed rate in years 11, 12, and 13 Rate Adjustment CapsAll of Affinity's ARMs come with rate adjustment caps, meaning that your rate is guaranteed not to change more than a pre-determined percentage at each adjustment1. ARMs that adjust less frequently could give you interest rates that are stable for longer periods of time.