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| Loan Products - Your standard ARM and other options |
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An adjustable rate mortgage, or ARM, is a mortgage rate that adjusts with the current market rates. Although this may not be the consistent option, it has a rate that is always two or three percent lower than a fixed rate mortgage. Within the adjustable rate mortgage you can choose specific types, such as a mortgage rate that adjusts year to year, rather than month to month. A few other adjustable rate mortgage types are the CD's and the Treasury ARMs. The CD, or certificate of deposit, has a maximum interest rate of one percent every six months, meaning that if the market increases two percent in six months, the CD will allow you to only go up one percent rather than two. The CD also reacts exactly with the market rates. The other type is the Treasury Average and Spot ARM. These work more slowly the CD, therefore giving you time to react to the market.
| Deciding on an ARM can be difficult. Let our loan experts help you choose the right ARM for you. Fill out the form below and we will contact you shortly.
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Even a small rate cut can pay off quickly! There are ways to save money by refinancing. We can help if you would like to stay in the house for 1 year to 30 years. We have specific programs designed to fit your needs. Call a representative today to see what program fits you best. More Raleigh Refinance Information
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In one phone call we can get all the information we need to get you prequalified. From there you can see what type of home you can afford. Or Click Here to get prequalified
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| Jumbo Loans |
| A jumbo loan is a loan that does not conform to the rules established by Fannie Mae or Freddie Mac or exceeds the conventional loan limit. Loan to value limits for jumbo mortgage loans range from 50% to 100% depending on the loan amount.
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