INTEREST RATES ARE STILL LOW, BUT FOR HOW LONG?
SO TAKE CONTROL AND CALL NOW BEFORE IT IS TOO LATE.
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At Ashton Klein Mortgage & Realty Inc. we look forward to assisting you
with a variety of home financing options. As
dedicated loan consultants, we can offer you
personalized home & commercial loans that would
complement your current life style and business
need. Whether you have an adjustable-rate loan
and want to change it to a fixed-rate loan, for
more certainty in the future, or if you want to
change a fixed-rate loan to an adjustable-rate
loan to reduce current monthly expenditures, we are only a phone call away to assist
you and answer all your questions.
| Adjustable – Rate Mortgage |
An adjustable-rate mortgage (ARM) means that the interest rate changes over the life of the loan — according to the terms specified in advance. The interest rate and the monthly repayment would be less than with the fixed rate mortgage. Most ARM programs do offer "rate cap" protection, which limits the amount of rate increase for both each period and over the life of the loan. ARMs are usually priced lower than fixed-rate mortgages so you can increase your buying power and lower your initial monthly payments. If interest rates go down, you’ll enjoy lower payments. Usually an ARM is the best choice for homeowners who plan to relocate. ARM monthly payments can increase if interest rates go up.
