Adjustable Rate Mortgage

Adjustable Rate Mortgages

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.

• Refinance into a fixed rate mortgage and secure your rate and payment.  We have a customer loyalty program that will reduce some or all of your closing costs.
• If rates drop, take advantage of lower rates without refinancing.  Save money without paying any fees.  With an ARM your rate will adjust automatically to lower rates.
• Sell your house and upgrade to a new home.  Get a Network Capital ARM and flex your purchasing power with a lower payment.  We specialize in home purchase loans with little or no money down.

ARMs Through Network Capital

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.