Loans advertised are either adjustable rate mortgages (ARMs) or fixed rate mortgages with a 15-, or 30-year fully amortizing term. No loan advertised has a prepayment penalty. Rates shown are only available in California. The following loan examples are subject to the assumptions below for the specific loan product shown. The Rate on this adjustable rate loan is variable and is subject to increase or decrease after 5 years, so your payments may increase or decrease after the initial period.
After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index plus a margin of 2.25%. The maximum periodic change in the interest rate is 5% at the first adjustment, with subsequent changes of up to 2%, and a maximum overall rate increase of 5% above the initial interest rate (which could not occur until after year 5).
A loan amount that does not exceed 80% of the value of the property (i.e., loan-to-value ratio). This is not an offer to extend credit or lock in a specific rate or otherwise enter into an agreement.
After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index plus a margin of 2.25%. The maximum periodic change in the interest rate is 5% at the first adjustment, with subsequent changes of up to 2%, and a maximum overall rate increase of 5% above the initial interest rate (which could not occur until after year 5).
A loan amount that does not exceed 80% of the value of the property (i.e., loan-to-value ratio). This is not an offer to extend credit or lock in a specific rate or otherwise enter into an agreement.
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Adjustable Rate Mortgage is commonly referred to as an ARM.
An ARM has an interest rate that adjusts periodically, unlike a fixed rate mortgage.
The initial interest offered with an ARM is lower than a fixed rate mortgage which can be a benefit to homebuyers.
Adjustable Rate Mortgages fit the needs of homebuyers planning to stay in their home short term or expecting an increase in future wages.
Interest rates on a ARM vary based on the initial fixed rate period.
For example, a 5 year ARM will have a lower rate than a 10 year fixed ARM.
An ARM has an interest rate that adjusts periodically, unlike a fixed rate mortgage.
The initial interest offered with an ARM is lower than a fixed rate mortgage which can be a benefit to homebuyers.
Adjustable Rate Mortgages fit the needs of homebuyers planning to stay in their home short term or expecting an increase in future wages.
Interest rates on a ARM vary based on the initial fixed rate period.
For example, a 5 year ARM will have a lower rate than a 10 year fixed ARM.
Adjustable Rate Mortgages (ARM) generally have lower initial rates than fixed rate mortgages.
They offer the stability of a fixed rate for a period of 3, 5, 7 or 10 years, after which time the rate may vary and the payment may increase annually.
You'll receive the lowest rate we offer and save thousands over a traditional fixed-rate mortgage during the initial fixed-rate period with ab adjustable rate mortgage.
A 10/1 ARM refinance has a fixed interest rate for the first 10 years.
After 10 years, the rate can change once every year for the remaining term of the loan.
They offer the stability of a fixed rate for a period of 3, 5, 7 or 10 years, after which time the rate may vary and the payment may increase annually.
You'll receive the lowest rate we offer and save thousands over a traditional fixed-rate mortgage during the initial fixed-rate period with ab adjustable rate mortgage.
A 10/1 ARM refinance has a fixed interest rate for the first 10 years.
After 10 years, the rate can change once every year for the remaining term of the loan.
The mortgage process can be very difficult to understand at times which is why we have provided you with mortgage calculators to help you make intelligent financial decisions regarding your home loan.
Designed with you in mind by giving you personalized insight into what works best for you, these mortgage calculators can help you stretch your dollar and push your home mortgage to the max.
Despite the diversity when it comes to home loan questions we are confident our mortgage calculators can help you find the answer.
Designed with you in mind by giving you personalized insight into what works best for you, these mortgage calculators can help you stretch your dollar and push your home mortgage to the max.
Despite the diversity when it comes to home loan questions we are confident our mortgage calculators can help you find the answer.
Yes, we offer them all.
FHA, VA, Conventional, Jumbo loans, Homepath Mortgage and Down Payment Assistance programs.
Compare loan options, see monthly mortgage payments and more with this handy dandy calculator.
Make sense of it all--our Mortgage Glossary will help you understand home lending language.
Fannie Mae & Freddie Mac currently own over 50% of all home loans in the US.
The government sponsored HARP programs are available for loans owned by Fannie Mae & Freddie Mac.
Loans advertised are either adjustable rate mortgages (ARMs) or fixed rate mortgages with a 15-, or 30-year fully amortizing term.
FHA, VA, Conventional, Jumbo loans, Homepath Mortgage and Down Payment Assistance programs.
Compare loan options, see monthly mortgage payments and more with this handy dandy calculator.
Make sense of it all--our Mortgage Glossary will help you understand home lending language.
Fannie Mae & Freddie Mac currently own over 50% of all home loans in the US.
The government sponsored HARP programs are available for loans owned by Fannie Mae & Freddie Mac.
Loans advertised are either adjustable rate mortgages (ARMs) or fixed rate mortgages with a 15-, or 30-year fully amortizing term.
If you're a responsible homeowner, and have been trying to refinance and take advantage of today's low rates, but have been unable due to not having equity in your home, the HARP program is here to help.
HARP is designed to help borrowers who may be ineligible for traditional refinancing.
Common reasons why people are ineligible for traditional refinancing include: loss of home value or lack of home equity.
Similar to other home refinancing options, a HARP mortgage refinance loan will provide you a completely new mortgage.
HARP is designed to help borrowers who may be ineligible for traditional refinancing.
Common reasons why people are ineligible for traditional refinancing include: loss of home value or lack of home equity.
Similar to other home refinancing options, a HARP mortgage refinance loan will provide you a completely new mortgage.
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