The 40-year amortization period coupled with the lower rates adjustables offer, can dramatically reduce house payments that in turn allows home buyers to:

• Afford a larger home or
• Increase contributions into retirement plans and investments or
• Payoff some of those unwanted bills

These loans feature:

• fixed interest rate periods from 3 to 7 years;
• no pre-payment penalties;
• no negative amortization;
• interest rate caps beginning with the first adjustment period as well as life of loan caps.

Try a comparison of a 40-year mortgage and a 30-year mortgage or give us a call for more details.