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Adjustable-Rate Mortgages are not for everyone. But for some, they can be a sound home ownership strategy. This type of loan starts with lower monthly payments for a fixed period, followed by variable rates (with rate limitations) that make your monthly payments fluctuate at set intervals.
Begin annual adjustments after two (2/1), five (5/1), seven (7/1) or ten (10/1) years more »
15-30 Year Loans
You can choose to amortize your adjustable-rate mortgage across 15 or 30 years more »
Popular 10/1 Option
Start with the security of a low, fixed rate for ten years, followed by regular annual adjustments more »
What others are saying
Bob Church was absolutely without doubt. FANTASTIC! He was there every step of the way. For a first-time home buyer, it’s imperative that we understand the process, and it was his mission to make sure I followed along with every step. I recommend him ten times over!
Local team. Very friendly and efficient.
Bob Church made himself available whenever I had questions or concerns… He even took the time with me late on a Friday night … I didn’t know there were other people like myself that work that hard for their members.
Friendly staff who were very knowledgeable and patient with first time home buyers!
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The 10/1 ARM offers a fixed rate for the first ten years. After that, the rate and monthly payment may change annually for the remaining life of the adjustable-rate mortgage, based on the one-year LIBOR plus a margin of 2.25. The maximum adjustment is 5% lifetime cap.