Adjustable Rate Mortgages (ARMs)

Many homebuyers opt for Adjustable Rate Mortgages because they offer a low-interest rate and monthly payment. That's because they meet the needs of homeowners well, and here's why: Most borrowers stay in their homes just five to seven years, making 3-, 5-, or 7-Year ARMs excellent loan options for them.

Short-Term Fixed Rate Mortgages
Our short-term fixed rate mortgages offer an excellent option for many homebuyers - a lower rate with the stability of a longer-term fixed-rate mortgage. A longer fixed rate provides more stability for borrowers and will additionally have a higher interest rate.

Interest rates on short-term fixed rate loans are attractive and remain fixed until they reset in 3, 5, 7, or 10 years. These mortgages are especially preferable to borrowers who plan to move before interest rates on their loans reset.

Many borrowers, not surprisingly, prefer them, especially those who plan to move before interest rates on their loans reset.

3-Year Fixed

The 3-year fixed rate loan provides an interest rate that remains fixed for 3 years and becomes an adjustable mortgage for the remaining 27 years of the 30year cycle.

5-Year Fixed

The 5-year fixed rate loan offers an interest rate that is fixed for 5 years and becomes an adjustable mortgage for the remaining 25 years.

7-Year Fixed

The 7-year fixed rate loan provides an interest rate that remains fixed for seven years and becomes an adjustable mortgage for the remaining 23 years.

10-Year Fixed

The 10-year fixed rate loan offers an interest rate that is fixed for the first 10 years and becomes an adjustable mortgage for the remaining 20 years.

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