Our new SmartMortgage 15/15 ARM is a better way to borrow for your next home. Why? Allow us to explain! With this 30-year mortgage, the rate is fixed for the first 15 years, adjusts once at the end of the 15th year, and remains fixed after that time. That’s basically an adjustable-rate mortgage with only one necessary rate change in the middle of the 30-year term that’s capped at 4%. Plus, payments are amortized over the full 30-year term, which helps to keep them low. Now, before you nix the idea of utilizing an adjustable-rate mortgage, read a little more to learn about some of the amazing benefits of this product, including the one-click rate reset button.