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📉 VRM vs ARM — What’s the Difference?

If you're considering a variable-rate mortgage, it’s important to understand how payments work. Not all variable mortgages behave the same way.

Here’s a simple breakdown:

🔹 VRM (Variable Rate Mortgage) - adjustable payment
✔ Rate moves with Prime
✔ Payment moves with Prime
✔ Amortization stays on track
✔ No trigger rate risk

When rates go up → your payment increases.
When rates go down → your payment decreases.

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🔹 ARM (Adjustable Rate Mortgage) - static payment
✔ Rate moves with Prime
✔ Payment stays the same (at first)
⚠ Amortization can extend if rates rise
⚠ Possible trigger rate

With ARM, your payment stays stable — but if rates climb too much, you could hit a trigger point where payments must increase or a lump sum is required.