Adjustable rate mortgage payments increase over the lifetime of the loan, so payment increases are a valid concern for individuals considering this type of loan. The adjustable rate mortgage (ARM) is designed for members with short-termgoals or those who are confident that rates will decrease in the future, at which time they can refinance at a lower rate. Many homeowners are concerned they will lose their home if their payments get too high, which is also a valid concern. That's why we limit your potential rate increase to no more than 2% a year and offer a variety of fixed rate periods. This product also has a high conversion option, which means for $500, a member can convert to the current market rate at the time of the adjustment.