Florida adjustable rate mortgage :: adjustable rate mortgage Florida :: variable mortgages Florida    















   Florida adjustable rate mortgage :: adjustable rate mortgage Florida :: variable mortgages Florida


Florida adjustable rate mortgage :: adjustable rate mortgage Florida :: variable mortgages Florida

:: Florida Adjustable Rate Mortgage Specialists ::

 

   

 

 

A Florida Premier Adjustable Rate Mortgage Lender Since 1989

Florida Mortgage Corporation  offers a variety of adjustable rate mortgages. Over 150 ARM mortgage programs. From .95% start rate.

CLICK HERE   -   OVER 150 MORTGAGE PROGRAMS

 

Need extra borrowing power?
Plan to move or refinance in a few years?  

Adjustable Rate Mortgage:

  • Assist borrowers in obtaining a larger loan amount
    This is possible because qualifications are at the lower interest rate.

  • Save money in the early years
    Lower initial interest rate than a traditional fixed-rate loan

  • Have a variety of adjustment periods
     

Best for people who:

  • Need extra borrowing power
  • Want to save money in the first few years
  • Plan to move or refinance in a few years
  • Are purchasing or refinancing at a time when interest rates are comparatively high

Adjustable Rate Mortgage (also called ARMs) feature an interest rate that periodically adjusts with changing market rates. An Adjustable Rate Mortgage is available in government, conforming and jumbo loan amounts. The ARM allows you to take advantage of lower interest rates in a falling rate environment, and you'll benefit from lower monthly payments. The initial interest rate on an ARM is usually lower than the lifetime interest rate on a fixed rate mortgage . ARM interest rates and the degree to which they fluctuate at the end of every adjustment period.


In a speech to a credit union group, Fed Chairman Alan Greenspan questioned whether fixed-rate mortgages were the most cost-effective means of financing a home purchase.  He said "American homeowners clearly like the certainty of fixed mortgage payments" but pay several thousands of dollars a year for the benefits.

Greenspan said homeowners "might have saved tens of thousands of dollars had they held adjustable-rate mortgages rather than fixed-rate mortgages during the past decade"

Greenspan noted that if homeowners are "willing to manage their own interest-rate risks, the traditional fixed-rate mortgage may be an expensive method of financing a home." Feb. 24, 2004


Florida adjustable rate mortgage :: adjustable rate mortgage Florida :: variable mortgages Florida

Start payment rates, interest rates, payment rates, data and program guidelines are subject to change without notice, and are not guaranteed. Deferred interest may apply. APR (Annual Percentage Rate) changes on a daily basis depending upon market conditions. This is a brief outline with basic information only. Other restrictions  and minimum loan amounts apply. Borrower should contact Florida Mortgage Corporation for current details and full written disclosures.

 

Florida adjustable rate mortgage :: adjustable rate mortgage Florida :: variable mortgages Florida

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