Refinance With an Adjustable Rate Mortgage

Refinance for lower payments for the first years of a loan.

If You’re Refinancing and Want Lower Payments Than a Fixed Rate Mortgage, Consider an Adjustable Rate Mortgage.[2]

We're a Trusted Partner

You can feel confident choosing us as your financial partner for this important milestone in your life.

Whether you want to review your refinancing options or need help after the close, we’re available online, on the phone or face-to-face in your neighborhood branch.

Cost & Fees

Typically these fees range from 3% to 5% of the loan amount.

Facts & Figures

If you’re refinancing a home and want lower payments than a fixed rate mortgage may provide, consider an adjustable rate mortgage, or ARM, from PNC.

With an ARM, you’ll start out with a low rate and after a few years, your rate will reset with a new rate that can be either higher or lower depending on market conditions at the time the adjustment occurs. After the first rate adjustment, your interest rate can change each year until you pay off your mortgage.

  • For homeowners with a good credit history
  • Ideal if you’re expecting an increase in income, or don’t plan to own the home for a long period
  • Select from 7 or 10 year periods during which the interest rate remains unchanged, followed by a 6 month period in which the interest rate may increase or decrease on an annual basis resulting in a change in your monthly payment amount
  • Can be used for both primary and secondary homes, investment properties too.
  • ARM terms may vary based on first mortgage product.

Adjustable Rate FAQ

Top customer questions about adjustable rate mortgages.

Tools & Calculators

Comparing loan options? Just looking for how much you can borrow? Use our home lending calculators to understand your refinancing options and help you decide.

What Will My Refinancing Costs Be?

Which Loan is Better?

How Much Should I Put Down on a New Home?

How Much Will My Fixed Rate Mortgage Payments Be?

The Abbreviated Guide Through the Refinancing Process

Understand the basics before you start the refinancing process.

Need more information? From first mortgage to home equity, from setting up your online account to payment processing – explore the Understanding Home Lending Center to find the answers you need.

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Have Questions?

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