Friday, September 10, 2010

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Adjustable Rate Loan

Save Thousands in interest payments!

VERY low rate. VERY low payment. For 3,5,7, or 10 years. Maximize your income by keeping your payment as low as possible. An ARM is ideal for the millions of Americans who do not plan to stay in their home for more than 3-10 years.

  • Interest rates are fixed for a designated period. After the fixed rate period, your interest rate can adjust up or down depending on market conditions.

Refi with an ARM!

  • Take advantage of historically low rates and refinance up to 95% of your home’s value with a low rate ARM.
  • Need cash to pay down other debt? The use an ARM’s cash out option to get your personal finances in order. You can refinance up to 80% of your home’s value and use the cash to pay off higher interest debts such as credit cards.

How the Adjustable-Rate Mortgage Works

  • An Adjustable Rate Mortgage (ARM) is a mortgage with an adjustable rate that is amortized over 30 years.
  • Your interest rate is fixed for the first 3, 5, 7, or 10 years of the loan repayment period, depending on the type of ARM you have.
  • After the initial fixed-rate period, the interest rate could adjust every 12 months, depending on the product and the financial markets.
  • Actual mortgage payment will vary based on your situation and the current interest rate when you apply.
  • Ideal for homebuyers who do not plan on being in the home for more than 10 years

Talk with a Home Loan Expert Now at (419) 367-5921 or fill out the short form on the right to get started!

Call and ask how you can receive a $500 coupon to use towards an appraisal or closing costs!