A 3/1 ARM product is an adjustable rate mortgage that has a fixed interest rate for the first 3 years, then adjust annually. The biggest benefit of a 3/1 ARM loan is that the interest rate is lower than just about every other type of mortgage loan available.

      A 3/1 ARM may be a good choice for you if you think it is possible that you may move or refinance in the next three years. A 3/1 ARM is also very popular because the extremely low rate allows borrowers to maximize their cash flow to enjoy lower monthly payments and free up extra cash monthly to pay toward eliminating other monthly debts (i.e. credit cards, car payments, student loans, etc.).

Term: 30 years   Maximum Amount: $359,650  

      A 3/1 ARM offers very substantial benefits with the low monthly payments associated with this type of loan. A borrower, however, must realize their is some risk in knowing that the rate on this type of loan can change after 3 years. We can help you determine if this type of loan is right for you.