BB&T RACING
Adjustable Rate Mortgages
Adjustable rate mortgages (ARM) offer lower initial interest rates. After a specified period, these rates adjust annually to a new rate. An ARM may be right for you if you want increased buying power or expect to move or see an increase in income before your mortgage adjusts.
- Offers lowers initial payments
- May allow for a larger loan amount
- Protects you with annual and lifetime rate caps
- May be convertible to a fixed rate loan or may be fully assumable. Restrictions and qualification requirements apply.
- Overview
- Online Access
Adjustable rate mortgages offer home buyers the following benefits:
- Lower payments at the beginning of the loan term
- May allow for a larger loan amount
- Protects you with annual and lifetime rate caps
- May easily convert to a fixed rate loan or be full assumable
Recommended For
An adjustable rate mortgage may be right for you if you:- Want to qualify for a higher loan amount
- Want initially lower monthly payment
- Expect a future increase in income
- Plan to relocate, refinance or move in the next few years
Terms
BB&T Home Mortgage offers adjustable rate mortgages with the following terms:- 1, 3, 5, 7 and 10 years
Free to all BB&T mortgage clients, BB&T OnLine® provides 24/7 secure access to your mortgage account, along with your other BB&T accounts. With BB&T OnLine, your mortgage information is at your fingertips.
Complete Self-Service Tasks
- Make a payment
- Set up automatic payments
- Customize email alerts
- Update contact information
Get Loan Information at Your Convenience
- Review loan activity
- Access loan amortization schedule
- Evaluate payoff information
- Review year-end statement
Work with a Local
Mortgage Professional
New Mortgage and
Refinance Help
888-946-8730
My Mortgage
- Resume Saved Application
- Check Application Status
- Log On to Mortgage Account
-
Existing Mortgage Help
800-295-5744
Today's Mortgage Rates
| Product | Rate | APR |
|---|---|---|
| 30yr Fixed | 5.125% | 5.225% |
| 15yr Fixed | 4.500% | 4.600% |
| 7/1 ARM | 4.275% | 4.075% |
| 5/1 ARM | 4.000% | 3.060% |
