Do you like the thought of getting the lowest rates we offer?We thought so, and that's why we are here to help you get started on your Adjustable Rate Mortgage!
Here's how it works:
- Interest Rate is fixed for the first five years.
- Rate may adjust up or down depending on market conditions every year thereafter
- Rate adjustments are capped at 2% annually
- Rate adjustments are capped 6% above the initial rate over the life of the loan
- No prepayment penalties
Do you want the lowest mortgage rate available?
Do you plan to move or refinance in the next 5 years?
Do you want to (significantly) reduce your monthly mortgage payment?
Some restrictions may apply.