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Use an Adjustable Rate Mortgage to Your Advantage

August 20, 2008 by TJ 

Trident Mortgage An adjustable-rate mortgage (ARM) from Trident Mortgage is a mortgage that has a rate that’s fixed for the first several years of the loan and then adjusts up or down according to financial markets.  You can use an Adjustable Rate Mortgage to your advantage:

  • Get a lower monthly payment than a fixed-rate loan. Adjustable-rate mortgages have lower rates, giving you more money to work with each month.
  • The average homeowner moves every 7 to 9 years, so why get a 30-year mortgage? Get a lower monthly payment and get only the financing you need.
  • Choose an interest-only option to get an even lower monthly mortgage payment. Each month, you choose whether or not to pay principal on your loan for the first 10 years of the loan. Pay some of the principal, and you’ll see next month’s interest payment go down, too!

Sara Franco

29 North Third Street
Oxford, PA 19363

Phone:  610-304-1723

Fax:      610-431-6727

  

  • Conventional Mortgage - New Home Loan
  • Mortgage New Construction Loans
  • Home Equity Loans/Lines of Credit
  • Alternative / Creative Mortgage Options, Mobile Home Mortgage
  • Adjustable Rate Mortgages (ARMs), Flexible Payment ARMs
  • 15 Year Fixed-Rate Mortgages (FRMs)
  • 30 Year Fixed-Rate Mortgages (FRMs)
  • Wrap-Around Mortgages, Interest Only Mortgages
  • 80/20 Mortgages - Tandem Loans
  • NIV - No Income Verification Mortgages
  • Mortgage Refinance Loans, Subprime Mortgage
  • Remodel, Renovation & Home Improvement Loans
  • Commercial / Business Property Loans
  • Biweekly Payment Mortgages, Bimonthly Payment Mortgages
  • Weekly Payment Mortgages, Balloon Mortgages
  • FHA Mortgages, VA Mortgage Loans
  • Shared Appreciation Mortgages, Dual Index Mortgages
  • Graduated Payment Mortgages, Jumbo Mortgages/Loans
  • Second Mortgages, Zero (0%) Down Payment Mortgages
  • Reverse Mortgages, Two-Step Mortgages (2/28, 5/25, 7/23)

  

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