3/1 Year ARM:
Adjustable rate mortgage with a term of 30 years. The first interest
rate and payment adjustment occurs after 36 months. The maximum
interest rate adjustment is 2% per adjustment annually with a
5% life cap. Index is a one-year T-Bill securities. Margin is
2.875 over index. Maximum LTV (Loan to Value) 90%.
7/1 Year ARM:
Adjustable rate mortgage with a term of 30 years. The first interest
rate and payment adjustment occurs after 84 months. The maximum
interest rate adjustment is 2% per adjustment annually with a
5% life cap. Index is a one-year T-Bill securities. Margin is
2.875 over index. Maximum LTV (Loan to Value) 90%.
10/1 Year ARM:
Adjustable rate mortgage with a term of 30 years. The first interest
rate and payment adjustment occurs after 120 months. The maximum
interest rate adjustment is 2% per adjustment annually with a
5% life cap. Index is a one-year T-Bill securities. Margin is
2.875 over index. Maximum LTV (Loan to Value) 90%.
30 Year ARM:
1-Year amortized over 360 months. Maximum yearly adjustment of
2% and a maximum lifetime adjustment of 6%. Index is a one-year
T-Bill securities. Margin is 2.75 over index. Maximum LTV (Loan
to Value) 90%.
15 Year ARM:
1-Year amortized over 180 months. Maximum yearly adjustment of
2% and a maximum lifetime adjustment of 6%. Index is a one-year
T-Bill securities. Margin is 2.75 over index. Maximum LTV (Loan
to Value) 90%.
Home Financing Calculators:
