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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 ten years
  • If, in the coming years, you expect your income to increase significantly

Our 5/5 adjustable rate mortgage offers specific benefits, including:

  • Low initial payments
  • Rates and payments adjust once every five years 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

In addition, we offer 3/1, 5/1, 7/1, and 10/1 options, to best suit your unique financial needs. Some benefits include:

  • 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

Conforming 10-1 ARM CMT

Best Choice If:

You want a loan with: low initial payments that can adjust up or down with market movement.		Advantages:

Low initial rate and payment.		Disadvantages:

Interest rate and monthly payments adjust frequently.

Conforming 15/15 ARM CMT

Best Choice If:

You want a loan with: low initial payments that can adjust up or down with market movement.		Advantages:

Low initial rate and payment.		Disadvantages:

Interest rate and monthly payments adjust frequently.

Conforming 7-1 ARM CMT

Best Choice If:

You want a loan with: low initial payments that can adjust up or down with market movement.		Advantages:

Low initial rate and payment.		Disadvantages:

Interest rate and monthly payments adjust frequently.

Conforming 5-1 ARM CMT

Best Choice If:

You want a loan with: low initial payments that can adjust up or down with market movement.		Advantages:

Low initial rate and payment.		Disadvantages:

Interest rate and monthly payments adjust frequently.

Conforming 5/5 ARM CMT

Best Choice If:

You want a loan with: low initial payments that can adjust up or down with market movement.		Advantages:

Low initial rate and payment. Only adjust every 5 years after initial adjustment. 		Disadvantages:

Interest rate and monthly payments adjust less frequently than on conventional conforming ARMS.

Nonconforming 10-1 ARM CMT

Best Choice If:

You want a loan with: low initial payments that can adjust up or down with market movement.		Advantages:

Low initial rate and payment.		Disadvantages:

Interest rate and monthly payments adjust frequently.

Nonconforming 15/15 ARM CMT

Best Choice If:

You want a loan with: low initial payments that can adjust up or down with market movement.		Advantages:

Low initial rate and payment.		Disadvantages:

Interest rate and monthly payments adjust frequently.

Nonconforming 7-1 ARM CMT

Best Choice If:

You want a loan with: low initial payments that can adjust up or down with market movement.		Advantages:

Low initial rate and payment. Only adjusts every 7 years after initial adjustment. 		Disadvantages:

Interest rate and monthly payments adjust frequently.

Nonconforming 5-1 ARM CMT

Best Choice If:

You want a loan with: low initial payments that can adjust up or down with market movement.		Advantages:

Low initial rate and payment.		Disadvantages:

Interest rate and monthly payments adjust frequently.

Nonconforming 5/5 ARM CMT

Best Choice If:

You want a loan with: low initial payments that can adjust up or down with market movement.		Advantages:

Low initial rate and payment. Fixed for first 5 years. 		Disadvantages:

Interest rate and monthly payments adjust every 5 years.

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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