Low rates and an opportunity for savings today

• Do you want to significantly reduce the cost of your mortgage?
• Do you plan to move or refinance in the next 5, 7, or 10 years?
• Do you want the lowest rate available?

If you answered “Yes” to any of these questions, an ARM might be right for you! With our Adjustable Rate Mortgage, you’ll get a rate lower than fixed rate options offered, providing you the opportunity to save thousands over a traditional Fixed Rate Mortgage.

Enjoy the savings realized by a lower interest rate to start (compared to a fixed rate mortgage), while being protected by periodic and lifetime interest rate caps. The escrow requirement for taxes and insurance can be waived with at least 20% down and excellent credit on certain loan programs.

If you anticipate a significant increase in your income or property value in the next several years, plan on staying in your home short-term, or would like to significantly lower your payment short-term, an ARM might be right for you. As the name implies, Adjustable Rate Mortgages (ARMs) have interest rates that change at a pre-determined frequency

Why get an adjustable rate mortgage?

• You may save thousands in payments vs. a fixed rate loan during the initial period
• Use the savings to pay down other debt or for whatever you like
• Great option if you intend to refinance or sell your home in an expected time frame
• Put as little as 10% down Conventional / 3.5% down for FHA, or refinance up to 95% of your home's value

Hybrid ARMs

Hybrid ARMs are very popular, featuring an initial fixed-rate portion, which then changes to an adjustable rate for the remainder of the loan. They are typically represented as a 5/1, 7/1, or 10/1. The first number indicates the time (in years) that the initial rate is fixed. After the initial rate period, the interest rate adjusts annually.

Interest rate caps

What happens after the fixed-rate period ends? Once your loan enters its adjustable-rate period, interest rate caps are put in place. They identify the maximum amount your rate can increase, both at the end of each adjustment period, and over the life of the loan as a whole. Contact one of our licensed Mortgage Consultants today for details, and find the right loan for you!

Why choose Us?

Each of our Mortgage Consultants are state licensed. Talking to a licensed Mortgage Consultant is an important step to getting the right mortgage loan. Everybody has different loan needs and your Mortgage Consultant will know which questions to ask in order to best match you with the right loan and monthly payment. 1st Priority Mortgage, Inc. Delivers The Home Loan Experience.^TM Our unique process identifies the best mortgage solution tailored to your individual needs. How do we know our system works? As a company we consistently track and measure our results. We incorporate what works and continually monitor for improvement.

Personalized Help. The Mortgage Consultant will also explain all the Delivering The Home Loan Experience^TM steps– from getting started, to locking in your interest rate, to closing your loan, and our goal of creating a Raving Fan^TM of you! Because we are a direct lender, if you have any questions during the loan process, you get quick answers straight from the source.

We'll close your loans fast! On average, when you use our Priority Path Process, your loan may close up to nearly two weeks sooner. Contact your Mortgage Consultant for more information.