MORE BUYING POWER
5/5 ADJUSTABLE RATE MORTGAGE
The future is full of possibilities. A 5/5 adjustable rate mortgage can offer flexibility for your changing needs.
SUPPORT FOR THIS CHAPTER. FLEXIBILITY FOR THE NEXT.
With a 5/5 ARM, your initial interest rate is guaranteed for the first five years. After that, the rate will adjust up or down every five years.
With a lower initial interest rate than most fixed-rate mortgages, a 5/5 ARM may provide more buying power for borrowers, especially when rates are high. This loan may be ideal for borrowers who don't plan to stay in their home for long.
Don't let your mortgage hold you back. Talk to a mortgage lender today about the best solution for your circumstances, today and into the future.
5/5 ARM
MORE BUYING POWER TODAY. FLEXIBILITY TOMORROW.
With a lower initial interest rate than most fixed-rate mortgages, a 5/5 ARM may provide more buying power for borrowers. This initial interest rate is fixed for five years, then adjusts at five-year intervals, making this an ideal solution for those looking to purchase a home for the short-term.
• Interest rate fixed for 5 years. Rate will adjust up or down every 5 years.
• Period cap: 2%
• Lifetime cap: 5%
• Minimum FICO score: 680
• First or second lien on single family home
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