Standard Mortgage Blog

Homeownership is a pillar of personal wealth-building and financial security. It provides stability, a sense of community, and long-term financial benefits. Purchasing a home is often the most significant investment individuals make. A home's value, affordability, and the ability to maintain it are all influenced by the economic climate.

Refinancing a mortgage may be asmart financial decision. It allows homeowners to lower their monthly payments, reduce the total interest paid over the life of the loan, or access cash for other needs. However, there are costs involved that homeowners should consider before proceeding. By understanding the basics, you can prepare for the financial implications of refinancing and engage in..

Adjustable Rate Mortgages (ARMs) are home loans with interest rates that can change over time. They typically have a fixed rate for an initial period which is lower than the current market rate for a fixed loan. Most ARMs offer this introductory low rate for a period of 5, 7, or 10 years and then adjust periodically based on market conditions. The lowest starting rates are found on loans that..