Adjustable Rate Mortgage

How can an Adjustable Rate Mortgage benefit me?

  • A low introductory mortgage rate means low initial monthly payments for 5, 7, or 10 years

  • You’re protected! Your rate will never be higher than 5% above your initial rate.

  • Your rate will never rise more than 2% in a year after the initial fixed-rate period.

  • Pay off your mortgage without prepayment penalties, at any time

  • FHA and VA ARMs are also available

Is this loan right for me?

  • A popular choice with First Time Home Buyer

  • Flexibility to refinance in the next 5, 7, or 10 years

  • Popular with home buyers planning to move in 5-10 years

  • Popular with buyers expecting future increases in salary

  • A lower initial payment makes home buying more affordable

Talk to a Personal Loan Consultant to find out if an Adjustable Rate Mortgage is right for you.