An Adjustable Rate Mortgage may be a good choice if you:
Want to maximize your buying power
Want to keep your payments lower during the first few years of your loan
Plan to stay move into a different home within the next ten years
Plan to pay-off your mortgage within the next 10 years
If, in the coming years, you expect your income to increase significantly
10/1 ARM - Conforming
Best Choice If:The loan amount you are looking for falls between $50,000-$766,550. You prefer the stability of a fixed monthly payment during the initial 120-month period of your loan term.
Advantages:Your interest rate will be fixed and will not fluctuate during the initial 120-month period of your loan term.
Disadvantages:Potentially higher interest rate and monthly payment compared to other variable interest rate loan programs.
10/1 ARM - Conforming - 40 Year AMORT
Best Choice If:The loan amount you are looking for falls between $50,000-$766,550. You prefer the stability of a fixed monthly payment during the initial 120-month period of your loan term.
Advantages:Your interest rate will be fixed and will not fluctuate during the initial 120-month period of your loan term.
Disadvantages:Potentially higher interest rate and monthly payment compared to other variable interest rate loan programs.
10/1 ARM - High Balance
Best Choice If:The loan amount you are looking for falls between $766,551-$1,149,825. You prefer the stability of a fixed monthly payment during the initial 120-month period of your loan term.
Advantages:Your interest rate will be fixed and will not fluctuate during the initial 120-month period of your loan term.
Disadvantages:Potentially higher interest rate and monthly payment compared to other variable interest rate loan programs.
10/1 ARM - High Balance - 40 Year AMORT
Best Choice If:The loan amount you are looking for falls between $766,551-$1,149,825. You prefer the stability of a fixed monthly payment during the initial 120-month period of your loan term.
Advantages:Your interest rate will be fixed and will not fluctuate during the initial 120-month period of your loan term.
Disadvantages:Potentially higher interest rate and monthly payment compared to other variable interest rate loan programs.
5/1 ARM - Conforming Interest Only
Best Choice If:The loan amount you are looking for falls between $50,000-$766,550. You prefer the stability of a fixed monthly payment during the initial 60-month period of your loan term.
Advantages:Your interest rate will be fixed and will not fluctuate during the initial 60-month period of your loan term.
Disadvantages:Potentially higher interest rate and monthly payment compared to other variable interest rate loan programs.
5/1 ARM - High Balance Interest Only
Best Choice If:The loan amount you are looking for falls between $766,551-$1,149,825. You prefer the stability of a fixed monthly payment during the initial 60-month period of your loan term.
Advantages:Your interest rate will be fixed and will not fluctuate during the initial 60-month period of your loan term.
Disadvantages:Potentially higher interest rate and monthly payment compared to other variable interest rate loan programs.
5/5 ARM - Conforming
Best Choice If:The loan amount you are looking for falls between $50,000-$766,550. You prefer the stability of a fixed monthly payment for a 60-month period of your loan term.
Advantages:Your interest rate will be fixed and will not fluctuate for a 60-month period of your loan term.
Disadvantages:Potentially higher interest rate and monthly payment compared to other variable interest rate loan programs.
5/5 ARM - Conforming - 40 Year AMORT
Best Choice If:The loan amount you are looking for falls between $50,000-$766,550. You prefer the stability of a fixed monthly payment during the initial 84-month period of your loan term.
Advantages:Your interest rate will be fixed and will not fluctuate for a 60-month period of your loan term.
Disadvantages:Potentially higher interest rate and monthly payment compared to other variable interest rate loan programs.
5/5 ARM - High Balance
Best Choice If:The loan amount you are looking for falls between $766,551-$1,149,825. You prefer the stability of a fixed monthly payment for a 60-month period of your loan term.
Advantages:Your interest rate will be fixed and will not fluctuate for a 60-month period of your loan term.
Disadvantages:Potentially higher interest rate and monthly payment compared to other variable interest rate loan programs.
5/5 ARM - High Balance - 40 Year AMORT
Best Choice If:The loan amount you are looking for falls between $766,551-$1,149,825. You prefer the stability of a fixed monthly payment during the initial 84-month period of your loan term.
Advantages:Your interest rate will be fixed and will not fluctuate for a 60-month period of your loan term.
Disadvantages:Potentially higher interest rate and monthly payment compared to other variable interest rate loan programs.
7/1 ARM - Conforming
Best Choice If:The loan amount you are looking for falls between $50,000-$766,550. You prefer the stability of a fixed monthly payment during the initial 84-month period of your loan term.
Advantages:Your interest rate will be fixed and will not fluctuate during the initial 84-month period of your loan term.
Disadvantages:Potentially higher interest rate and monthly payment compared to other variable interest rate loan programs.
7/1 ARM - Conforming - 40 Year AMORT
Best Choice If:The loan amount you are looking for falls between $50,000-$510,400. You prefer the stability of a fixed monthly payment during the initial 84-month period of your loan term.
Advantages:Your interest rate will be fixed and will not fluctuate during the initial 84-month period of your loan term.
Disadvantages:Potentially higher interest rate and monthly payment compared to other variable interest rate loan programs.
7/1 ARM - High Balance
Best Choice If:The loan amount you are looking for falls between $766,551-$1,149,825. You prefer the stability of a fixed monthly payment during the initial 84-month period of your loan term.
Advantages:Your interest rate will be fixed and will not fluctuate during the initial 84-month period of your loan term.
Disadvantages:Potentially higher interest rate and monthly payment compared to other variable interest rate loan programs.
7/1 ARM - High Balance - 40 Year AMORT
Best Choice If:The loan amount you are looking for falls between $766,551-$1,149,825. You prefer the stability of a fixed monthly payment during the initial 84-month period of your loan term.
Advantages:Your interest rate will be fixed and will not fluctuate during the initial 84-month period of your loan term.
Disadvantages:Potentially higher interest rate and monthly payment compared to other variable interest rate loan programs.
Mortgage Rates
The Loan Consultant feature determines the products and rates that match your needs.
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