A fixed-rate mortgage ensures that your monthly payment remains the same throughout your loan term. We offer traditional terms of 15, 20, or 30 years, or you can customize your request by choosing a term between 5 and 20 years. Fixed-rate mortgages are ideal for those who plan to stay in their house long-term, allowing a consistent payment over the term of the loan.
Adjustable-Rate Mortgages (Fixed-rate term with adjustable feature)
An adjustable-rate mortgage (ARM) gives you the benefit of locking in a low fixed interest rate for a certain number of years, then adjusts after the fixed term expires. Adjustable-rate mortgages are ideal for those who may be considering moving within the first 5-7 years, as it allows you to take advantage of lower interest rates than the typical 30-year fixed rate mortgage.
The most popular ARMs have a fixed rate for the first five or seven years, then have an adjustable rate that typically adjusts annually. These are called 5/1 or 7/1 ARMs.
Give us a call at (877) 670-5860, or fill out the form below and we’ll connect you with our team of mortgage specialists!
Have questions? Call (877) 670-5860 to speak to a representative in our real estate department.
Right Move Program
If you’re using an agent to help buy or sell your home, look here first! You could earn a 20% rebate from the commission of a participating First Team Real Estate agent who represents you. That could add up to thousands of dollars in savings! Learn More
Free Home Buying Information
If you’re just starting out in the market or if you’ve been around the block a few times, our complimentary educational seminars might be just the information you need to make your decision. You can learn about: