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7/1 and 10/1 Jumbo ARM Programs
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| When it comes to finding some of the
best mortgage rates in the industry for 7 year jumbo and 10 year jumbo
adjustable rate mortgages, AAXA has got you covered. Depending upon current
market conditions, these jumbo ARM products can be a happy median between the
lower rates and higher volatility of shorter term ARM products and the higher
rates and raised stability of fixed rate mortgage products. The biggest item to
take into consideration is whether the savings justifies the risk. The greatest
benefit of 10 year jumbo ARM and 7 year jumbo ARM products is the lower initial
rate that these products offer versus that of long term fixed rate products.
And since many people do not stay in the same house for more than seven years,
these programs can be a perfect solution. Give us a call today at 877-RATE-LOW
(877-728-3569) for more information.
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| Request a customized 7 or 10 year jumbo ARM
Rate Quote
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| Contact AAXA toll free at 877-RATE-LOW
(877-728-3569) |
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7/1 Jumbo ARM and 10/1 Jumbo ARM Benefits
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Low introductory rate fixed for seven or ten years.
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Various index based options to help you find the right balance
of minimizing risk and getting a great rate (i.e. LIBOR vs. Treasury) – Ask
your Loan Advisor for details.
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Interest Only options exist for qualified borrowers. |
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Items to consider:
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Depending upon the market, 7 year jumbo adjustable rate
mortgage and 10 year jumbo adjustable rate mortgage rates are not always lower
than that of fixed rate products. Be sure to compare rates between programs!
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If you are still concerned about the potential adjustments
after the first 7 or 10 years, your may want to look into a
30 year jumbo interest only mortgage which can help you keep your
payments low for ten years before any principal is due.
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Would you be better off with an interest only option?
Considering how little principal is paid down during the first few years of a
mortgage, it might make sense to go with an interest only product and make
additional principal payments as you see fit. Ask your loan advisor for a cost
benefit analysis.
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Paying points on ARM products can rapidly reduce your interest
rate. You will just need to analyze how long it will take you to make back the
upfront costs in potential savings down the road. For more on mortgage points,
click here.
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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
3 Year Jumbo ARM & 5 Year Jumbo ARM Programs
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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