When rates of interest are low (as they have been during the housing crunch), you can re-finance your loan to secure the lower rate. For more on refinancing, see listed below. The very first benefit of ARMs are that your monthly payments, a minimum of for a time, will likely be lower than repaired rate home loans.For instance, throughout this prolonged real estate crunch, rate of interest have actually gone gradually lower and are presently at historically low levels. Those with ARMs have actually benefitted by paying less in interest every month (although because of interest caps, it's likely that ARM holders have not had the ability to take complete advantage). Some lenders will use lower, marked down initial rate of interest for ARMs than for repaired rate loans.