Adjustable-Rate Mortgages
Whether you're wanting the flexibility of a shorter mortgage term with an affordable monthly payment or consider yourself a frequent mover, an adjustable-rate mortgage could be right for you.
Features:
An adjustable-rate mortgage stays fixed for a set period of time but can adjust after that to reflect current mortgage rates. The 3, 5, 7, and 10 below indicate the initial fixed-rate term of 3, 5, 7 or 10 years. The 6 indicates that the rate and payment may adjust every 6 months after.
- 3/6 Conventional and Jumbo Adjustable-Rate Mortgage
- 5/6 Conventional and Jumbo Adjustable-Rate Mortgage
- 7/6 Conventional and Jumbo Adjustable-Rate Mortgage
- 10/6 Conventional and Jumbo Adjustable-Rate Mortgage
Talk with a friendly Mortgage Specialist today to see if an ARM is right for your financial situation.
When you're ready to apply, here's what to consider:
You'll need documentation for all borrowers, including:
- Social Security number
- Contact and employment information
- Best estimates of income, assets, and liabilities
Once you've applied, we'll contact you to:
- Guide you through the loan process
- Complete your loan application package
- Help you select the best program and interest rate
Ready to buy a home?
Before you start looking at homes you need to know what you can afford. And, with the home buying market being extremely competitive today, most realtors won't even show a home to a buyer unless the buyer has received a pre-approval from a lender.
If you're thinking of buying a home, your first step is to get pre-approved. This will allow you to know what your options are and how much you are approved to borrow.
Then comes the fun part, looking for your perfect home! With a pre-approval you'll know what amount you can borrow and search for homes in that price range.
Call us today at 269.544.3105 and find out what our team can do for you!
Knowledge is Power
We're here to help make your home buying experience seamless so we've put together some great articles to get you started.
