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Home > Mortgages > 7/1-ARM Loan...
7/1-ARM Loan
Description |
Conventional 30-year adjustable rate mortgage that has a fixed rate for seven years, then adjusts every year there after.
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Benefits |
This mortgage has a lower starting rate than the 30-year fixed mortgage. Those who expect to be selling / moving quickly are able to buy "more home."
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Purpose |
Purchase / Refinance
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Collateral |
Home / 1-4 Units
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Amount |
Up to $750,000
Based on property type, loan-to-value, and owner-occupation and PMI requirements
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Term |
30 Years
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How to Apply |
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