Consumers Guide To Adjustable Rate Mortgages

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• www.drewmortgage.com 877-949-3739

NMLS ID 2856
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What is ARM?

• Adjustable-rate mortgage is a home loan where an
  interest rate varies according to market prices.
• There are many varying types of ARM loans, from 1
  year to 10 years, with almost all being amortized
  over a 30-year period.

Adjustable Rate Mortgage

• www.drewmortgage.com 877-949-3739

NMLS ID 2856
3
Types of Adjustable Rate
Mortgage

• A variety of options are available for this type
  of loan
• 10/1 A fixed rate for 10 years.
• 7/1 A fixed interest rate for 7 years.
• 1 Year A fixed interest rate for 1 year.

NMLS ID 2856
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Benefits of Adjustable Rate
Mortgage

• Adjustable rate mortgage benefits include
• Lower Payment
• Initial Fixed Rate
• Lower Adjustable Rates

NMLS ID 2856
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How does
Adjustable Rate
Mortgage
work?

• ARM loans have a changing interest rate that
  differ based on market conditions. These rates
  are subject to a maximum or Cap Rate that
  limits how much the rate can rise during each
  adjustment.

NMLS ID 2856
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Considering
Adjustable Rate
Mortgage

• Studying your goals and financial constraints is
  the best way to understand whether this type of
  loan is the best option for you.
• Buyers must carefully research and inform
  themselves before picking an option, to avoid
  making the wrong choice.

NMLS ID 2856
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Contact
Expert
Mortgage
Lender

• Hiring an expert to help you along the way will
  boost your chances of making a wise and informed
  decision. Drew Mortgage Associates in Central
  Massachusetts help their clients in understanding
  which loan fits their needs best!

NMLS ID 2856
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Drew
Mortgage
Associates

• Address
• 196 Boston Turnpike Road Shrewsbury, Ma 01545
  Phone [phone]
• Toll Free 877-949-3739
• Fax [phone]
• Website www.drewmortgage.com

NMLS ID 2856