Adjustable Rate Mortgage Loans

Adjustable Rate Mortgage Loans

An adjustable rate mortgage (ARM), can lower your monthly mortgage loan payment because mortgage rates for ARMs are usually lower than traditional fixed rate programs. Should you be in a situation where you plan on selling or refinancing your home in less than 5 years, then an adjustable rate mortgage loan could be a smart financial move.

An ARM is a loan which provides a fixed rate for an initial period of time. During that period, the rate does not change. Once that specific period is over, the loan then converts to an adjustable rate based on an assigned financial index. From that point on, the mortgage rate will typically adjust every year. Presently, most ARM products have a rate cap where the interest rate tops out and then holds steady for the life of the loan. Many products also provide an annual cap that inhibits the rate from climbing over a certain percent each year.

After the initial fixed rate period, should the financial index to which the loan product is tied go down, it would also mean that you could end up with a lower monthly payment than you previously had.

Adjustable rate mortgage programs typically include a 3 year ARM, 5 year ARM, 7 year ARM and a 10 year ARM where the fixed period of the rate is for the period of the number listed.

Benefits of an ARM Loan:

Lower initial mortgage rate
Lower initial monthly payment
Borrower may qualify for a higher loan amount than with a fixed rate

ARM Loan Is Designed For The Borrower:

Who anticipates staying in the home on a short-term basis
Who anticipates refinancing the home in the future
Who would like to get into a home with a lower initial payment
Who would like to qualify for the home expecting future increased income

We are required by law to list the following licensing information. Flagship Financial Group, LLC is licensed as: Alaska Mortgagee Licensee #100278; Arizona Banker 0908193; Department of Corporations under the California Residential Mortgage Lending act Lender 4130854; Florida Correspondent Lender CL 0703188; Georgia Mortgage Broker Licensee 17297 – 3130 W Maple Loop Dr, #200, Lehi, UT 84043 (GA); Illinois Residential Mortgage Licensee MB6760204; Registered under the Kansas Mortgage Business Act License Number of 2002-4309, Maine Mortgage Lender License# SLM9424; Maryland Mortgage Lender 16461, Mississippi Supervised Mortgage Company 308/2006; Nevada Mortgage Broker 1385 – 1349 Galleria Dr., #110, Henderson, NV 89014; New Hampshire Banking Department Mortgage Broker 13439-MBR; North Dakota Money Broker MB101563; Licensed by the Pennsylvania Department of Banking (PA); Utah Mortgage Loan Company 5493106; Licensed by the Virginia State Corporation Commission, License MC-2980. In certain states in which we do conduct business, certain restrictions and limitation apply. Rates and terms subject to change. If you have any questions or comments regarding this offer please email to lharris@ffgcorporate.com.

The materials and concepts comprising the Civil Servant Housing Benefits Program and its Website is provided and owned by Unlimited Marketing and Management, LLC. All intellectual property rights are owned by Unlimited Marketing and Management, LLC. All materials contained in this Website are protected by copyright laws, and may not be reproduced, republished, distributed, transmitted or displayed, broadcast or otherwise exploited in any manner without the express prior written permission of Unlimited Marketing and Management, LLC. The Civil Servant Housing Benefit Program’s name and logos, its program concepts, its materials, its marketing approach and all related trademarks, tradenames, and other intellectually property are the property of Unlimited Marketing and Management, LLC. and can not be used without its express prior written permission. You may not download materials from this Website for any commercial and/or business use, though licensing for a fee is available. Unauthorized use of the program, its concepts, materials, and marketing approach or the unauthorized reproduction, distribution or exhibition of the program and its copyrighted materials is strictly prohibited and will be prosecuted to the fullest extent of the law.

© 2010 Unlimited Marketing and Management, LLC. All Rights Reserved