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2 Year Adjustable Rate
Mortgage – Convertible ARM
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| For many years, 2/1 adjustable rate mortgage
products were typically offered as programs for those who had past credit
issues. The thought process was that two years would give a person enough time
to repair their credit and then refinance. AAXA looks at 2 year ARMs from a
different prospective. Many of our clients feel confident that they are only
going to be in their homes for a couple of years but are afraid that a 1 year
ARM might carry to much risk. Often times these customers feel stuck between a
one year adjustable rate mortgage and a 3 year ARM. We thought that there must
be a better solution so we sought out one of the most competitive 2 year
adjustable rate mortgage investors in the industry. To add some icing to the
top of the cake, their ARM product can be converted to a fixed rate mortgage
anytime during the first sixty months of the loan. Now you get the great low
rate of a short term ARM accompanied with the security of a fixed rate
conversion. Plus, you get the savings of not having to pay refinance costs
again in two years. You can check
2/1 ARM rates online and give an AAXA loan advisor a call today to see
if a 2/1 adjustable rate mortgage is right for you – 877-RATE-LOW
(877-728-3569). |
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Request a free 2 year arm mortgage
rate quote
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Call us toll free at 877-RATE-LOW (877-728-3569) for a
consultation |
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2/1 ARM Program
Highlights:
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Free conversion to fixed rate through the first 60 months of
the loan - (ask loan advisor for details). |
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Annual adjustment limited to 2%. |
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Lifetime cap adjustment of 6%. |
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Loan sizes up to $650,000. |
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Purchase and Rate & Term Refinances: 1-2 unit primary residences and 1 unit
second homes – 10% down required; 3-4 Unit primary residences - 20% down
required; 1-4 unit investment properties – 25% down required. |
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Cash-Out Refinances – Primary residences, second homes and 1-4 unit investment
properties – up to 70% cash-out allowed. |
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Program criteria may change from what is posted on this page without notice.
For the most up-to-the minute program details, contact an AAXA loan advisor at
877-RATE-LOW (877-728-3569). You can also apply using our
online mortgage application. |
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Note: There are 2/1 ARM
products that our other investors offer with 100% financing.
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2 Year ARM – Managing
Risk
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| ARM products are not for everyone and they do
carry more risk than fixed rate mortgages. However, this 2/1 adjustable rate
product helps lower potential interest rate volatility by allowing you to lock
in on a fixed rate when you feel comfortable with your particular scenario. |
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Find out more about some of our adjustable rate
mortgage programs:
10 Year Adjustable Rate Mortgage
5 Year Adjustable Rate Mortgage
7 Year Adjustable Rate Mortgage
3 Year Adjustable Rate Mortgage
1 Year Adjustable Rate Mortgage
1 and 2 Year Jumbo ARM
Option
ARM
Convertible ARMs - free fixed rate conversion for first 60 monthsOption
ARM Mortgage
100% Interest only loans
30 year mortgage interest only
3 year interest only loan
5 year interest only mortgage loan
10 year and 7 year interest only mortgages
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