Toll
Free:
800-400-4863
Main
Telephone:
949-797-9188
Introductory
Rate ARMs
There are
several
adjustable
rate mortgages
that are
available to
homeowners.
These include
6-Month
Certificate of
Deposit ARM,
6-Month
Treasury
Average ARM,
12-Month
Treasury
Average ARM
and the 1-Year
Treasury Spot
ARM. ARMs
fluctuates
quickly to the
market and
will allow the
borrower to
benefit from
falling
interest
rates.
Borrowers can
take advantage
of low rates
when rates
begin to
increase on
certain ARM
programs that
lag in some
markets.
Periodic rate
cap
Periodic
rate caps
limits how
much your
payments can
rise at one
time.
Payment Caps
Payment
caps are
offered in
some ARMs. It
limits the
payment amount
that can rise
over the life
span of your
loan. For
example, if
the underlying
index rises,
your payment
would increase
only to the
limit of the
payment cap.
Lifetime Caps
Lifetime
caps limits
the interest
rate that can
rise during
the life of
the loan.