3
Year ARM Programs -
3 year adjustable rate mortgages
If you are planning on being in your home for three
to five years, a 3/1 ARM might be the right program
for you. With a 3 year ARM, your rate is locked in
at an introductory rate for the first three years
of the mortgage and then will begin adjusting upward
or downward after the introductory period expires.
The great thing about short term ARM programs is that
they typically carry a lower rate than their fixed
rate counterparts. This factor may lead to big savings
for the consumer. However, these benefits must be
weighed with the added risk that these loans bring
to the table. 3 year adjustable rate mortgage programs
are not recommended for clients who do not actively
monitor their finances. It is very important that
homeowners mark their calendar near the end of the
introductory period. At that time, if one's payment
is going to adjust upward significantly and they are
planning on staying in the home, they may want to
refinance to another ARM or lock in on a fixed rate
home loan.
Request 3/1 ARM rates and programs information
(3 options):
1. Request a 3 year ARM rate quote using AAXA Rate
Quote Form on this page.
2. Call us toll free at 877-RATE-LOW (877-728-3569)
for a consultation.
3. Complete a no obligation online
mortgage application.
3/1 ARM Program Highlights
- Low introductory rate for first three years.
- Loan sizes up to $650,000.
- Most have 2/2/6 caps (be sure to ask your loan
advisor for details)
- Typically have lifetime cap – 6% above initial
rate.
- Libor index
Thank you for considering AAXA for your next 3 year ARM
Find out more about some of our adjustable rate
mortgage programs:
10
Year Adjustable Rate Mortgage
7
Year Adjustable Rate Mortgage
5
Year Adjustable Rate Mortgage
2
Year Adjustable Rate Mortgage
1
Year Adjustable Rate Mortgage
1
and 2 Year Jumbo ARM
Convertible
ARMs - fixed rate conversion options for first 60
months
30
year mortgage interest only
3
year interest only loan
5
year interest only mortgage loan
10
year and 7 year interest only mortgages
