7
Year Adjustable Rate Mortgages (7/1 ARM Programs)
7 year ARM products are a great alternative for home
loan shoppers who do not need the long term financing
of a fixed rate mortgage and do not want to carry
the risk of shorter term ARM products. 7 year ARM
mortgage rates are usually slightly lower than that
of a 30 year fixed rate mortgage but, from time to
time, may actually be higher. You can find out about
our lenders’ 7 year ARM rates by calling us toll
free at 877-RATE-LOW (877-728-3569). We have
access to a large pool of lenders that offer a variety
of 7 year arm mortgage products to choose from. We
also have access to interest only alternatives if
you are looking to drive down your monthly payment
even further.
Request 7 Year ARM information (3 options)
1. Request a free 7/1 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 an no obligation online
mortgage application.
7 Year ARM Program Highlights
- Low fixed rate for seven years
- Loan sizes up to $417,000 (jumbo loan sizes $417,000-$3,000,000 are available in most states)
- Most have lifetime cap of 5% above initial rate
- Available for primary residences and second homes.
- AAXA is able to offer some of the lowest 7 year ARM rates in the Nation
7/1 ARM Loan Programs
With a 7/1 ARM, your rate will be fixed for the first
seven years and then may adjust according to the ARM’s
margin, caps, and the index which the program is based
upon. Sound confusing? It does not have to be. Our
loan advisors can walk you through how 7 year ARMs
work and they can provide you with an Adjustable Rate
Mortgage Handbook which explains the “ins and outs”
of these loans. You can also use our Adjustable Rate
Mortgage APR Calculator and ARM vs. Fixed Rate Mortgage
Calculator to help you make an informed decision.
Find out more about some of our adjustable rate
mortgage programs:
10
Year Adjustable Rate Mortgage
5
Year Adjustable Rate Mortgage
3
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
