Adjustable rate mortgages are an attractive alternative for the borrower that is only planning a short stay in their new home or think rates will be decreasing in the near future.  Enjoy a lower interest rate for a fixed period of time (3,5 or 7 years depending on the program).  If the payment in the near future is the most important factor, then an adjustable rate mortgage may be a good option for you.  Complete with no prepayment penalty, you have the option to pay extra toward principal each month if you choose. 

Adjustable rate mortgages are not the right path for everyone and one should do their due diligence planning before accepting this program.  Call a mortgage expert today for a free consultation to see how an adjustable rate mortgage will fit in to your life plan.

Our adjustable rate mortgages are Fannie Mae backed and come from FDIC insured banks.