A Jumbo 10/1 ARM might be the right choice in the following scenarios:
- You're purchasing a high-value property that exceeds conventional loan limits
- You plan to sell or refinance within 10 years
- You're comfortable with potential rate adjustments after the fixed-rate period
- You want to take advantage of lower initial interest rates compared to fixed-rate jumbo loans
- You anticipate an increase in your income in the coming years
- You have a strong financial profile and can manage potential payment increases
However, it's important to carefully consider your long-term financial goals and risk tolerance. While the lower initial rates can be attractive, you should be prepared for potential rate increases in the future.
For personalized advice on whether a Jumbo 10/1 ARM is right for your situation,
speak with one of our mortgage experts.