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"We give you credit for
your good credit!"®
Deep Discounted Rates.Exceptional Service.Unparalleled Value. |
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What Are Adjustable Rate Mortgages and How Do They
Work?
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| Adjustable rate mortgages, often referred to as “arms”,
typically have a fixed period of time where the rate is lower than traditional
15 - 40 year fixed rate products. Upon completion of the initial fixed-rate
period, the rate begins to adjust up or down based upon the value of an
assigned index. Thus, if you are looking for a low initial payment and only
plan to be in a home for ten years or less, an adjustable rate mortgage might
be a good decision. Ask your AAXA loan advisor if a
5 year adjustable rate mortgage, 3 1 adjustable rate mortgage, or any
other ARM product might be right for you.
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| Request a free adjustable rate mortgage
rate quote or call us toll free at 877-RATE-LOW (877-728-3569) for a
consultation.
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Advantages vs. Disadvantages – Adjustable Rate
Mortgage Information
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| It is very important to research adjustable rate mortgage
information and weigh the pros and cons. Although you save money by locking in
on a lower rate initially, you have to weigh the risk of a potential hike in
interest rates. It is a matter of individual risk tolerance. Typically, the
shorter the fixed period of an arm, the lower the rate. For example, the
starting rate for a 5 year adjustable rate mortgage may be slightly higher than
a 3 1 adjustable rate mortgage. AAXA works with lenders that offer loans from 1
month arms to up to 10 year arms. Be sure to ask us about our Flex Option arm
programs - our most popular California adjustable rate mortgage.
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 How long do
I plan to be in the home?
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| Will I be
able to cover higher payments if the rate increases?
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| How much
will I save with an ARM? How could those savings help me and my family with
other needs? |
| Could an
adjustable rate mortgage help me afford a more expensive home and do I believe
that my future income will cover the risk of future adjustments in rate?
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| Is taking
out a California adjustable rate mortgage, or one in a similar “high end”
market, add increased risk?
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| To learn more about Adjustable Rate Mortgages, call
877-RATE-LOW (877-728-3569) today to discuss your financing needs, or apply
online today! |
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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
3 Year Adjustable Rate Mortgage
2 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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