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Adjustable Rate Mortgages

An Adjustable Rate Mortgage may be a good choice if you:

  • Want to maximize your buying power
  • Want to keep your payments lower during the first few years of your loan
  • Plan to stay move into a different home within the next ten years
  • Plan to pay-off your mortgage within the next 10 years
  • If, in the coming years, you expect your income to increase significantly

10/1 Year ARM

Best Choice If:

You want a loan with: .
  • Low initial payments
  • The benefits of both a Fixed and ARM product.
    		• Advantages:

  • Interest rate stays fixed for first 10 years. Adjusts annually thereafter
  • Allows for higher loan amount qualification and enhanced buying power.
    		• Disadvantages:

  • Interest rate and monthly payments adjust frequently.
  • Interest rate can rise above the current fixed rates over time.
    		• Sample Payment:

  • "Monthly Mortgage Payment (P&I)" assumes a loan amount of $100,000 with a down payment of 20%.

    • 3/1 Year ARM

    Best Choice If:

    You want a loan with: .
  • Very low initial payments
  • The benefits of both a Fixed and ARM product.
  • Payments that adjust up and down with market movements.
    		• Advantages:

  • Interest rate stays fixed for first 3 years. Adjusts annually thereafter
  • Allows for higher loan amount qualification and enhanced buying power.
    		• Disadvantages:

  • Interest rate and monthly payments adjust frequently.
  • Interest rate can rise above the current fixed rates over time.
    		• Sample Payment:

  • "Monthly Mortgage Payment (P&I)" assumes a loan amount of $100,000 with a down payment of 20%.

    • 5/1 Year ARM

    Best Choice If:

    You want a loan with: .
  • Very low initial payments
  • The benefits of both a Fixed and ARM product.
  • Payments that adjust up and down with market movements.
    		• Advantages:

  • Interest rate stays fixed for first 5 years. Adjusts annually thereafter
  • Allows for higher loan amount qualification and enhanced buying power.
    		• Disadvantages:

  • Interest rate and monthly payments adjust frequently.
  • Interest rate can rise above the current fixed rates over time.
    		• Sample Payment:

  • "Monthly Mortgage Payment (P&I)" assumes a loan amount of $100,000 with a down payment of 20%.

    • Lot 5/1 Year ARM

    7/1 Year ARM

    Best Choice If:

    You want a loan with: .
  • Low initial payments
  • The benefits of both a Fixed and ARM product.
    		• Advantages:

  • Interest rate stays fixed for first 7 years. Adjusts annually thereafter
  • Allows for higher loan amount qualification and enhanced buying power.
    		• Disadvantages:

  • Interest rate and monthly payments will adjust in the future.
  • Interest rate can rise above the current fixed rates over time.
    		• Sample Payment:

  • "Monthly Mortgage Payment (P&I)" assumes a loan amount of $100,000 with a down payment of 20%.

    • Mortgage Rates

    The Loan Consultant feature determines the products and rates that match your needs.

    Ready to Start?

    To apply for your easy online loan, all you have to do is answer a few simple questions about yourself, your property and your income, debts and assets.

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