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. Affinity offers a variety of term options. One of our Mortgage Loan Officers can help you decide which is best for your individual situation. 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 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.