A VA home loan is for veterans, active members of the military and their qualifying spouses. Learn about the benefits of a VA loan, including buying a home with no down payment, or lowering your monthly payments with a streamlined refinance. A Quicken Loans Home Loan Expert will help you choose which of our many VA loan options is best for your personal situation. For more information about VA loans, visit QuickenLoans.com/Home-Loans/VA-Loan or call 800-QUICKEN.
The adjustable rate mortgage (or ARM) is a home loan that begins with an initial fixed-rate period and then adjusts up or down, depending on market conditions. Millions of home buyers and homeowners can save money with an ARM because ARMs often offer lower initial mortgage rates than fixed-rate mortgages. ARMs are a great choice for people who move or refinance their home often and can save them thousands of dollars. At Quicken Loans, our adjustable rate mortgages come with an initial fixed-rate period of 5, 7 or 10 years. Because ARMs are amortized over a 30-year period and have a lower initial rate, ARMs can offer a very low payment and can free up money for other purposes. This is a top reason why ARMs are the mortgage of choice for the financially savvy. To learn more about ARMs, go to http://www.quickenloans.com/home-loan… or call 800-QUICKEN.