Focus On Financing

The New 5/5 ARM

For home buyers who want the stability of a fixed mortgage and the low rate of an adjustable mortgage, our 5/5 ARM provides the perfect balance. The low initial rate of the 5/5 ARM is fixed for five years before it can adjust — then it’s fixed for another five years, then another five years and so on. That’s just two adjustments within 15 years. Plus, it can only adjust by a maximum of 2% each time and it’s capped at just 5% from the initial rate over the entire 30-year life of the loan.

Our 5/5 ARM is a great option for just about any home buyer, and the guidelines are the same as for our other conventional ARMs.

Want to find out if you qualify, fill out the loan application and we’ll get back to you shortly.
 

June 15, 2017 by · Leave a Comment

About Steve

Steve is an experienced Sr. Loan Officer & Mortgage Planner located in Rancho Cucamonga and serving the Inland Empire and surrounding areas. Steve prides himself at being transparent with all his clients using sophisticated tools and concepts to make sure the right program is chosen. Call Steve Chavarria at 951-662-3389.

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