Is an ARM always lower than a 30-year?

Name: Francisco Williams — Mortgage Broker
Address: 552 E Badillo St, Covina, CA, 91723, US
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Often the start rate is lower. The lifetime payment is not a promise. If you cannot live with the cap, it is the wrong product.

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Fixed vs ARM. The payment has to survive the reset.

A fixed rate buys payment certainty. An ARM buys a lower start if the hold is short and you can live with the cap. I will not sell an ARM as a permanent cheap 30-year.

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Fixed 30/15: the default when you are staying.
ARM (5/6, 7/6, 10/6): useful when the exit is a sale or a refinance inside the fixed period.
Caps, index, and margin are overlay at lock — not a website APR.

30-year fixed Conventional ARM Let's sort this

Is an ARM always lower than a 30-year?: Often the start rate is lower. The lifetime payment is not a promise. If you cannot live with the cap, it is the wrong product.

Not an approval. Not a rate. Overlay at lock. NMLS #1858674.