Adjustable-Rate Mortgages

Flexibility for the Way You Plan to Own

An adjustable-rate mortgage may be appropriate when your anticipated ownership timeline, financing objectives, or broader financial strategy call for a lower introductory rate and payment during an initial fixed-rate period.

With an ARM, the interest rate remains fixed for a specified introductory term. Once that period ends, the rate may adjust at scheduled intervals based on the terms of the loan and prevailing market conditions. As a result, your principal-and-interest payment may increase or decrease over time.

At Peapack Private, your lending professional will help you evaluate whether an adjustable-rate mortgage aligns with your anticipated plans for the property, your preferred payment structure, and your overall financial picture. You will receive thoughtful guidance on available options, clear explanations of how each structure works, and attentive service throughout the lending process.

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