Is your Mortgage about to adjust?

If so, be prepared for a shock! Did you know that because you currently are in an ARM (adjustable rate mortgage) that your monthly loan payments could rise by hundreds of dollars a month, maybe more? It’s true.

For example on a loan size of $200,000 at a current rate of 6.5% the monthly payment is $1,264.14. But, if the loan adjusts to a rate of 9.5%(most ARMs adjust up to 3% at their initial adjustment and 5% over the life of the loan), that same loan would be $1681.71 month. A $417.57 month difference. Ouch! And there’s no end to it. Most adjustable rate loans in today’s rising market have only one place to go…UP!

If you’re concerned about your future loan payments getting too big, maybe we can help. We are mortgage brokers who specialize in converting adjustable rate mortgages into fixed rate mortgage including difficult and hard to find loans for those with bruised or limited credit, as while as, FHA and VA loans. We have successfully refinanced hundreds of homeowners like you into a fixed interest rate and have gotten them out of variable rate loans. What that means is that you have one low guaranteed mortgage payment each month…it can never go up, saving you hundreds of dollars monthly. It’s fixed for the life of the loan.  How does that sound?

If you’re looking for security and peace of mind, give us a call now at 919-308-0558 so we can explore your options. We’d be happy to run some numbers for you and give you a Free, No Obligation rate quote.

Whatever you do, don’t sit around and do nothing. If we can help you we will. If not, we’d be upfront and tell you that too. At the very least you’ll know where you stand and be prepared.