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Knowledge is Power…Knowing if an interest Rate in the 3’s makes sense for you puts you in control. 

Now, of course we all want an interest rate in the 3’s, but where’s the catch you’ll ask? Yes, we are talking about an ARM (Adjustable Rate Mortgage) and for many there are just too many risks involved to make even a rate in the 3’s worthwhile. However, if you are in certain situations, you can lower that risk and in some cases all but eliminate that risk! If you are in one of these situations we can show you how to enjoy the use of a low rate while managing the risks that normally come with it.

I plan on selling, refinancing, or paying off my loan in the next 7 years.

We can get this low rate fixed for the next 7 years. Now by using this lower rate then on a normal 30 year loan we can show you how you can either save more per month, or you can dramatically reduce the principle on the loan much faster. Thus increasing your selling power or just save you a bunch in interest.

 Here’s an example:
  Before After
Loan Amount $300,000.00 $300,000.00
Payment $1,610.46 $1,610.46
Rate 5% 3.75%
Balance after 7 Years $263,835.53 $235,472.40
Savings   $28,363.13

Have our Mortgage Experts show how you can benefit too!  

I need to qualify for a higher loan amount. If you want to refinance but had some difficulties in qualifying or you need that extra in loan size to get to that amount for the house you’ve always wanted, a lower rate would be the way to get there. Knowing what your CAPS are on this loan and worst case scenario, you can manage this rate effectively keeping the interest rate over a 14 year period in the 6’s.

Here’s an example:

  Before After
Loan Amount $300,000.00 $348,745.00
Payment $1,610.46 $1,610.46
Rate 5% 3.75%
Household Income $72,000.00 $72,000.00
Real Estate Taxes $250.00 $250.00
Home Insurance $85.00 $85.00
Other Monthly Liabilities $750.00 $750.00

Have our Mortgage Experts show how you can benefit too! 

I am in a 20yr loan or less and want to pay off my loan as fast as possible. This is one of the most interesting cases we do analysis on. If you could shave 2 or more years off your loan without changing how much you pay, that is a tremendous savings to you. Just take your mortgage payment and multiply it by 24! In some cases those with shorter time left on their loan, without changing anything they do today, except take this lower rate can pay off their loan before the adjustments start.

Here’s an example:

  Before After
Original Loan Amount $300,000.00 $250,364.40
Payment $1,979.87 $1,979.87
Rate 5% 3.75%
Term 20 years  
Current Loan Amount $250,364.40  
Years Left 15 13
Savings   $37,617.53

  Have our Mortgage Experts show how you can benefit too!

APR would be approx 3.744% based on an ARM rate of 3.75%  Rates are used here for illustrative purposes, this is not a commitment to lend.