Don't wait! With today's higher interest rates, First Equity Mortgage offers a variety of mortgage options to help you feel comfortable making your new home purchase now. Our new Adjustable Rate Mortgage (ARM) products offer our borrowers home loans with variable interest rates. With an ARM, the initial interest rate is fixed for a set period of time allowing you to get a lower interest rate for the first few years in your home. After that, the interest rate on your outstanding mortgage balance resets periodically, depending on the type of ARM you choose.
How could you benefit from an ARM over a conventional mortgage loan? An ARM gives you the ability to have a lower initial monthly payment, which will make it easier for you to qualify for your mortgage and will save you money. An ARM is also cost effective if you don't plan to live in your home for a long time.
Contact your First Equity Mortgage Loan Officer today for all the details to determine if an ARM loan is right for you. We're looking forward to helping you secure the financing that works best so that you can be in the home of your dreams now.