The ARMs are Back! | 5yr 5.125%… Jumbo 3yr 5.375%

One of the most abused loan products over the last 8 years that I’ve been in the business has been the BC 2 Year ARM with a nice prepayment penalty.  I have always striven to place my clients with “less than perfect credit” or no money down in Fannie Mae approved with no prepayment penalty fixed mortgages.  The Adjustable Rate Mortgages that I have not had any difficulty promoting are for clients with large loan amounts and great credit.  Being able to leverage the biggest tax friendly asset you have at the lowest rate can save $1000’s.  These products should not be overlooked, even if your goal is to pay your home off.

You can download a side by side comparison of 30 Fixed vs. 5 Year Interest Only Arm and see for yourself. Conforming=  Jumbo=.

For your own custom Grau Team Loan Comparison or Consultation contact me.