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3/1 ARM Conforming Rates |
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The Three Year Fixed Rate Conforming Mortgage
The monthly interest rate for this 3/1ARM is fixed for an initial term of three years. Each year after that term, the rate will be adjusted and calculated on the basis of the LIBOR index, plus an additional fixed margin of 2.25% to 2.75% depending on lender. The amount of rate adjustment is limited by caps to no more than 2% at the first adjustment, 2% annually thereafter, and 5% for the life of the loan. 3/1, 3/6 and Interest only option is available. The Three Year ARM loan or the interest only is not suitable for all situations.
California properties only. |
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Call For Your
Free Rate Quote • Apply by phone • Purchase and Refinance Home Loans anywhere
in California |
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