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 ten years
- If, in the coming years, you expect your income to increase significantly
Our 5/5 adjustable rate mortgage offers specific benefits, including:
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Low initial payments
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Rates and payments adjust once every five years after the initial fixed term
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Rates will not increase more than 2% each adjustment or more than 5% above the initial rate
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30-year term
In addition, we offer 3/1, 5/1, 7/1, and 10/1 options, to best suit your unique financial needs. Some benefits include:
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Low initial payments
-
Rates and payments adjust once every year after the initial fixed term
-
Rates will not increase more than 2% each adjustment or more than 5% above the initial rate
-
30-year term
