|
 Courtesy
of:
Commercial Federal Bank
Adjustable
Rate Mortgage
The
Flexible Way to Own a Home If you'd like to have a lower payment
in the first few years of your loan, while you're adjusting to
the cost of buying and furnishing a home, then a Commercial Federal
ARM (Adjustable Rate Mortgage) may be for you. Even if rates were
to increase, and your ARM loan rate were to increase at the maximum
rate possible, it could take as long as four and a half years
for you to equal the amount of interest you'd pay if you started
out with a 30-year fixed-rate loan! And if you plan to move within
that time, you'll not only enjoy the rate advantage, but the advantage
of having a loan that's assumable for a fee of only 2% of your
outstanding principal balance - with no need for a new appraisal
(subject to approval of new borrower). That's sure to be attractive
to your potential buyer.
Today's
ARM offers you unique financial advantages:
- More
buying power
- Lower
initial payments
- Protection
of periodic and lifetime caps
Commercial
Federal also offers you the experience and the expertise to help
make the best choice for you. We've been helping people buy homes
for more than a century. That experience has enabled us to design
mortgage loan products that really make sense in today's market.
Commercial
Federal offers:
- 6-Month
ARM
- 1-Year
ARM
- 3-Year
ARM
- 5-Year
ARM
- 7-Year
ARM
- 10-Year
ARM
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