3, 5, and 7 Year Fixed ARMs

Most Loan Officers love to sell 3, 5, and 7 year fixed loans because they can more easily inflate their rates and fees to earn more commission.  We have eliminated the Loan Officer.  You keep his commission! 

Fannie Mae statistics state that the average person is refinancing their home every 4.2 years.  It is this reality that makes the 5 Year Fixed ARM the most popular of the adjustable rate mortgage options. 

Adjustable rate mortgages are fixed for a predetermined amount of time, generally 3, 5, or 7 years, and then become adjustable once the fixed period has expired.  Adjustable rate loans generally offer lower interest rates and payments during the initial fixed periods and then adjust to higher market rates once the initial fixed period has expired.  Once the fixed period has expired, the new monthly payment will be based on a market index plus a margin to be determined at approval. 

These types of loans are generally ideal if you have plans to either move or refinance in a shorter period of time.  The lower initial interest rate offers lower monthly payments, but the tradeoff is the increased risk of higher payments and interest rates once the loan enters its adjustable period. 

These loans are also available with an interest only option during the fixed period of the loan and never come with any prepayment penalties. 

Click Get Started to see how much you can save on a 3, 5, or 7 year fixed ARM.

Speak With A Loan Coordinator 

Would you prefer to speak with a Loan Coordinator over the telephone?  Please call us directly at   1-800-276-CYOL(2965) and choose option 1.  Or, click here to have one of our experienced representatives contact you directly.