LOAN OPTIONS

ARM Loans

Loan Options:

ARM Loans

These loans, which are an adjustable/variable rate instead of a fixed rate, can actually be with just about any loan type available. While ARM loans are often seen negatively by many, they have some good attributes for the right borrowers.

The terms and guidelines of an ARM loan will all depend on what loan type it is associated with (FHA, Conventional, etc). Our office will listen to your intentions and goals, and map-out a game plan specifically tailored to your scenario.

 

  • Significantly Reduces the Cost of a Mortgage –
    For a fixed period of time, you save on interest costs and pay more towards your principal.

 

  • Lower Rates, Flexible Terms –
    Lenders give you a discounted rate up front because they know the rate will float with the market later on

 

Plan on Moving or Refinancing within 3-7 Years? After your initial rate period, your interest rate will be adjusted based on the type of program that you choose. If you expect mortgage rates to decline, ARMs can work towards your advantage.

Down Payment

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BASED ON LOAN TYPE

Maximum Loan Amount

VARIES

BASED ON LOAN TYPE

Minimum Credit Score

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BASED ON LOAN TYPE

Seller Contributions

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BASED ON LOAN TYPE

Maximum Loan Amount

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BASED ON LOAN TYPE

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