Low Rate Adjustable Rate Mortgages

September 28, 2020

With an adjustable-rate mortgage, you benefit from an initial interest rate that may be lower than the rate on a fixed-rate mortgage. Our 3/3, 5/1, 7/1 and 10/1 ARMs offer the stability of a lower initial rate that is set for a period of three, five, seven or ten years before the adjusting period begins.

Interest rate and annual percentage rate (APR) are subject to change without notice. The APR calculation assumes $100,000 loan for 360 months and borrower paid finance charges and closing fees totaling approximately $756.00.  A $100,000, 10/1 ARM loan, at an interest rate of 3.75%, could have a monthly payment of $463.12 for 360 months.  Your monthly payment may vary, and may include homeowner’s insurance and/or property taxes which could increase your monthly payment.  ARM’s contain a variable rate feature which provides that the interest rate and payment and/or terms of the loan can change. All loans are subject to credit approval. Property type restrictions and other limitations apply. Contact us at 715-845-7331 to learn more and to apply.