Florida's Premier Adjustable Rate Mortgage Lender Since 1989

Need extra borrowing power?
Plan to move or refinance in a few years?  

Adjustable Rate Mortgages:

• Assist borrowers in obtaining a larger loan amount
  This is possible because qualifications are at the lower interest rate.

• Save money in the early years
  Lower initial interest rate than a traditional fixed-rate loan

• Have a variety of adjustment periods
   

Best for people who:

• Need extra borrowing power
• Want to save money in the first few years
• Plan to move or refinance in a few years
• Are purchasing or refinancing at a time when interest rates are comparatively high

Adjustable Rate Mortgages (also called ARMs) feature an interest rate that periodically adjusts with changing market rates. Adjustable Rate Mortgages are available in government (FHA & VA), conforming and jumbo loan amounts. The ARM allows you to take advantage of lower interest rates in a falling rate environment, and you'll benefit from lower monthly payments. The initial interest rate on an ARM is usually lower than the lifetime interest rate on a fixed-rate mortgage (FRM). ARM interest rates and the degree to which they fluctuate at the end of every adjustment period.

In a speech to a credit union group, Fed Chairman Alan Greenspan questioned whether fixed-rate mortgages were the most cost-effective means of financing a home purchase.  He said "American homeowners clearly like the certainty of fixed mortgage payments" but pay several thousands of dollars a year for the benefits.

Greenspan said homeowners "might have saved tens of thousands of dollars had they held adjustable-rate mortgages rather than fixed-rate mortgages during the past decade"

Greenspan noted that if homeowners are "willing to manage their own interest-rate risks, the traditional fixed-rate mortgage may be an expensive method of financing a home." Feb. 24, 2004

:: adjustable rate mortgages :: arm mortgage :: variable mortgages Florida ::