Adjustable Rate Home Mortgages

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Adjustable rate mortgages (ARMs) offer starting rates lower than the interest rates of fixed rate home loans

  • Lower start rate
  • Lower initial monthly payments
  • Larger loan amounts available
Loan Options Why choose it? Key Points
Basic ARM You want to start with a low payment or want to buy more home. As little as 5% down; rates adjustable periodically depending on loan type.
Fixed-Period ARM You plan to move or refinance again in a few years and want the security of a fixed rate for that period of time. Fixed rate for three, five, seven, or ten years, then adjusts annually, based on a financial index.
Hialeah Applyor call toll-free at 1-800-905-7898.

Keep in line with market rates

What goes up, must come down. That's basically the principal of adjustable rate mortgages (ARMs).

The interest rate you pay is adjusted from time to time to keep it in line with changing market rates. This means that when interest rates go up, your monthly home loan payments may go up. And when interest rates go down, your monthly home loan payments may go down.

Now, that might sound frightening if you've ever lived in an era when interest rates shot up dramatically, but 1st Florida Mortgage home loan ARMs have built-in features that reduce the risk your rate will ever go too high.

Online Home Financing or call today to find the best rates for your Hialeah Florida home financing.