Adjustable Rate Mortgages (ARMs)

Our ARM programs offer you all of the features of a fixed-rate mortgage combined with the value of an adjustable rate. You start with a lower rate for a fixed term 3, 5, or 7 years and then the rate adjusts each year. Our ARMs come with a "rate cap", which determines the maximum allowable increase when the rate adjusts and the maximum increase in rate over the life of the loan.

 

Loan Features and Variations

  • Initial rates lower than traditional fixed-rate loan

  • Offered on conforming as well as jumbo loan amounts

  • Government FHA and VA loans available on fixed-term loans

  • 97 - 100% financing options available

  • Interest Only options available

 

For further information please contact me!

 

  Equal Housing Lender

Copyright © 2006 - 2007 ● All Rights Reserved ● Becky Dawson ● Illinois Residential Mortgage Licensee #031.0004177
BancGROUP Mortgage Corporation ● 1733 Park St. Naperville, Illinois 60563