A popular program for borrowers who plan to keep the loan less than ten years, the 10/1 ARM is a loan with a fixed rate and payment for the first ten years and then turns into an adjustable rate mortgage for the remaining 20 years of the loan.. The primary advantage of the 10/1 ARM is a lower initial rate and payment than available on a 30 year fixed rate mortgage.

The interest rate and payment is fixed for the first 120 months of the loan’s 30 year term. At the end of the 120 months, the interest rate adjusts to the lower of:
1. The 1-Year LIBOR Index plus 2.25%, or
2. The initial start rate plus 5%.

Thereafter, the interest rate will adjust every 12 months to the lower of:
1. The 1-Year LIBOR Index plus 2.25%,
2. The previous rate plus 2%, or
3. The initial start rate plus 5%.

We offer the 3 main adjustable rate mortgage program options, with the fixed rate portion of the loan ranging from 5 years to 10 years. Visit our specific ARM rate program pages to see how each can benefit you!

Why talk to one of our Licensed Loan Advisors??

Talking to a Licensed Loan Advisor is an important step to getting the right mortgage loan. Everybody has different loan needs and a mortgage banker knows which questions to ask in order to best match you with the right loan and monthly payment. Since we have a strict No Steering policy, you can be assured that the loan option suggested to you will fit your needs.

Your loan advisor will also explain all the steps–from getting started, to locking in your low rate, to closing your loan fast, in little as 30 days or less!!. Because we are a direct lender, if you have any questions during the loan process, you will have one direct number enabling you to get quick answers straight from the source.

Client Testimonials – What Our Customers are Saying

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Our good friend recommended Michael and he helped us to secure a mortgage on our second house in Miramar, FL. We closed our house right on time without any delays. Michael took care of every single detail in the loan approval process and explained very clearly about the different options that was available to us. He guided us in such a professional manner that we didn’t have to worry about anything. He was very prompt and kept us updated throughout the process which went very smoothly. It was a pleasure to work with him and will highly recommend him to our friends too. Thank you Michael!

Kumar Senthil Miramar, FL June 24, 2015

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