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| If you are looking for the security of a fixed
rate mortgage and the flexibility of an adjustable rate mortgage, AAXA has the
perfect program for you. We have partnered with one of the nation’s most
creative financial institutions to offer some outstanding convertible ARM
products. |
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Request a free convertible 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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Why Consider a
Convertible ARM?
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| These ARMs feature the low rates of adjustable
rate mortgages plus the option to convert the ARM to a fixed rate during the
introductory period of the loan. You get to save money by getting one of the
lowest mortgage rates on the market while taking on less interest rate
risk. If you believe that rates are beginning to rise, you simply call the bank
and tell them to lock in their current fixed rate offering. You can do this
prior to the loan closing or up to the first sixty months of the loan. You can
also try to time the market and if rates start to inch upward, you get to
choose the best rate from the past seven days since your call. Plus, you get to
save money on closing costs associated with refinancing. Many people who choose
ARM products end up refinancing when their introductory period is set to
expire. Thus, they end up paying for another appraisal, attorney’s fees, title
insurance, tax stamps and lender’s fees. These programs may eliminate the need
to refinance by allowing you to lock into a fixed rate as your introductory
period ends. Think of the savings! |
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Convertible ARM Programs
Highlights & Benefits:
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1
Year ARM,
2 Year ARM,
3 Year ARM, &
5 Year Adjustable Rate Mortgage products are available. Rates are fixed
for the introductory period of the loan. |
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Free conversion to a fixed rate mortgage. Simply call the banking institution
and they will walk you through the process. There is absolutely no cost for the
conversion. |
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Extended rate locks are available for people who are currently
building their homes. Think about the benefits of locking into a great low
adjustable rate mortgage while knowing full well that you can lock into a one
of the most competitive fixed rate mortgage anytime during the first five
years. What a great way to reduce interest rate risk! |
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You may also be able to use these programs to qualify for more
house. If you know that your income will be increasing in the future, you can
lock into the lower ARM rate to save money and keep your payment low - then to
switch to a fixed once your income increases. |
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These programs are available to loan sizes of $650,000. |
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As little as a 5% down payment required for primary residences
(approval may vary based upon credit scores, property type and numerous other
variables). |
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| Convertible adjustable rate mortgages are a great
way to get a
low mortgage rate while reducing interest rate risk. Give an AAXA loan
advisor a call today to find out if one of these programs might be right for
you – 877-RATE-LOW (877-728-3569). You can also apply online using our
secure online application. Program criteria is subject to change. |
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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
Option
ARM
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