Florida 10/1 Adjustable Rate Mortgage Program
The Florida 10/1 adjustable rate mortgage program is a highly
stable adjustable
rate mortgage program, having the right blend of security
and rate reduction. This mortgage program is ideal for Florida
mortgage clients who want to reap the benefits of an Florida
ARM program but like the security of a fixed
rate mortgage. The 10-year fixed rate
option with a interest
only payment choice or a fully amortized payment choice
provides long-term payment stability with options.
Some of the Florida 10/1 ARM program benefits and applications:
- 10 Year Fixed interest rate for a steady and comfortable
payment
- Interest only payment option or full payment option
- Rate indexed on the CMT or LIBOR
- Rates could be adjusted after 10 years annually or biannually
- Interest Only Loans becomes fully amortized for 20 years
after the first 10 years
Whether you are a Florida home
buyer or homeowner,
the 10/1 adjustable rate mortgage program can provide you
with both flexibility and security. This outstanding Florida
mortgage program is great for those planning to own a home
for 5 to 10 years. The 10 year fixed period
provides that added security for those Floridians who elect
to remain in their home for extended periods beyond their
initial plans. A perfect example is a military transfer to
a new Florida base for 3 years, and it's determined after
three years that you'll be staying at that Florida base location
for another 3 year stint. No worries, you've got a secure
10/1 adjustable rate mortgage!
The 10/1 ARM can be typically used in conjunction
with the following loan programs:
As a leading Florida
Mortgage Company, Hallmark Mortgage Services loan representatives
would love the opportunity to speak with you further about
your desires for a Florida 10/1 adjustable rate mortgage.
Why not use our quick
mortgage application to have one of our seasoned professionals
review your financing options today!
|
 |
