We are looking for Mortgage Brokers and Loan Officers
Experience not required
Adjustable rate loans have interest rates that remain fixed for a set period of time, after which they adjust periodically. These adjustments depend on the market conditions and the interest rate index to which the loan is linked. In exchange for an initial low payment and monthly payments that will change periodically thereafter , you'll enjoy a slightly lower interest rate and monthly payment at the start, compared to a fixed rate loan. If you are looking to take out a loan which will be less than $417,000, a Conforming Loan will most likely be right for you. If you are looking to take out a loan which will be more than $417,000, a Jumbo Loan will most likely be right for you.
Conditions that may accompany the use of this loan:
- You're comfortable with an initial low payment and monthly payments that will change periodically thereafter
- You are looking to get into your home with the lowest initial rate and payment possible
- You expect to sell your home within 3, 5, or 7 years depending on the ARM program that you choose
Benefits
- Get the low rates you thought you had missed
- Plan for your future with fixed payments for the first three, five or seven years depending on the product
- Enjoy greater purchasing power with lower monthly payments Details
- Our ARM products offer fixed rate periods of three, five or seven years before converting to an adjustable rate mortgage for the remainder of the term
- After the initial fixed rate period, the rate adjusts once a year based on the current rate index
- Loan to value (LTV) ratios up to 95%
