Blog Articles from Allegiant Mortgage, LLC

Adjustable Rate Mortgages Aren't What They Used to Be. Should you Consider an ARM?

February 10th, 2017 9:05 AM by Rose Tignor

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ARMS ARE SMARTER!
FACT: Rates have risen and there's no indicators that they are going back down.
STILL LOOKING FOR A RATE IN THE 3'S..TRY AN ARM!
  • Most borrowers stay in their mortgage for 5 to 7 years. 
  • ARMs allow borrowers to pay down principal faster.
  • A fantastic way to increase equity and drop PMI quicker.
   ARMS CAN SAVE YOU MONEY 

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ARMS ARE SAFER 
  • In the past, most ARMs featured heavy prepayment penalties. Now they don't.
  • Today's ARMs are amortized over the full term of the loan, so your borrowers will never be faced with a balloon payment.
  • ARMs also have readily identifiable caps, limiting the amount their rate can adjust.
Talk to your AE Today
Posted by Rose Tignor on February 10th, 2017 9:05 AM

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