Worried that you missed out on low mortgage rates? Take advantage of a Network Capital Adjustable Rate Mortgage (ARM) with a low start rate that is fixed for 3, 5, 7, or 10 years. After the fixed period the rate becomes a one year adjustable for the remainder of the term.
What happens to your rate when it becomes adjustable? Our ARM rates are based on a current published major index plus a margin. If the index is low your rate may actually go down when your loan becomes adjustable. However, if the index increases your rate may also increase.
Did you know that over a five year period, the one year ARM has always outperformed a thirty year fixed rate mortgage? In fact this statistic has held true for over forty years. What that means is that your average interest cost for a five year period was less with a one year ARM, than with a traditional thirty year fixed rate mortgage.
Save money now and when your loan becomes adjustable you decide.
At Network Capital our ARMs have no prepayment penalty. So if you decide to sell your home or fixed rates drop during the term of your loan, refinance into a fixed rate mortgage with no hassles.
While the average homeowner only keeps their home loan for seven years ARM start rates have been historically lower than thirty year fixed rates. Why pay more for your mortgage if you don’t have to?
Enjoy the security and flexibility of a Network Capital ARM. For more details contact one of our Home Loan Experts for a free consultation.