Adjustable Rate Mortgages (ARMs)

ARMs Aren't What They Used To Be

Adjustable Rate Mortgages

ARMs are Smarter

Most people only stay in their mortgage for five to seven years. Why not go for the lowerest mortgage rate during that time period? Doing so can translate into thousands of dollars saved.

With an Adjustable Rate Mortgage, more of your payment goes toward the principal balance, and less goes to interest, so you pay down your Utah mortgage faster, saving you thousands of dollars over the life of your mortgage loan.
 

ARMs are Safer

ARMs no longer feature pre-payment penalties, so you can easily refinance or pay your loan down or pay it off early. You'll never have to worry about a big balloon payment either, today's ARMs are usually based on a 30 year repayment schedule. It is also common to get a hybrid ARM, these type of ARMs have an initial fixed rate period that will last five, seven, or even 10 years. After that time period, the rate will adjust more frequently.
 

ARMs Can Save You Money

A lower mortgage rate means a lower payment, which means more cash in your pocket each month. An adjustable rate mortgage, or ARM, may also help to increase the amount you qualify for when purchasing a new home in Salt Lake City, Utah.


Is a Fixed Rate Mortgage or Adjustable Rate Mortgage Better for Me? >
Which Loan Term Fits Your Needs? >
 

ARMs Can Save You Money

 

 

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As a mortgage broker in Utah, we work with several mortgage lenders, enabling us to offer you a variety of Utah mortgages and refinance home loans at the best mortgage rates and lowest fees available. Working with several lenders allows us to offer more home loan options to help you achieve your goals. Whether you're buying a home or refinancing, Advanced Funding is here to help. Our mortgage loan officers are available to help you during regular business hours or a time that is more suitable to your needs. Call today for more information, 801-272-0600.

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As one of the most trusted and respected mortgage companies in Utah, Advanced Funding Home Mortgage Loans offers a variety of purchase mortgage and refinance products. Our licensed mortgage brokers are both knowledgeable and experienced to ensure you a pleasant home loan experience at the best interest rates available. We combine the use of technology, impeccable service, a dynamic management team, along with a well-trained, and experienced staff to produce results, such as great mortgage rates, low fees, and most importantly, a fast and pleasant loan experience.

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6589 South 1300 East, Suite 200
Salt Lake City, UT 84121

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