Get
7/1 ARM Rates
Use the survey on the top of this page
to search for current 7 year ARM rates
and programs in your State. Select "7
year adjustable rates" from the Loan
Type Dropdown Menu and kick-off your research.
While many lenders and brokers may not post
their 7 year ARM rates, the vast majority
do have access to these products. Simply
reach out to them individuallly to request
rates and program information.
With a 7 year ARM, there is an introductory
rate which will be in place for the first
84 months of the loan. After that introductory
period comes to an end, the rate will then
adjust up ro down based upon the mortgage's
caps, margin, and corresponding index. Be
sure to review the parameters of any adjustable
rate mortgage with your loan professional
to ensure that you have a solid grasp on
the products before moving forward.
7
ARM Highlights
- Initial rate is fixed for the first
7 years of the loan. After those 7 years
pass, the note rate will begin to adjust
up or down.
- At certain times, 7 Year ARM rates can
be appealing when fixed rate mortgages
are higher.
- Caps, Margins, and Indexes will vary
by product and investor. Be sure to ask
a mortgage professional for details.
Note: If you are a mortgage lender or broker
that offers ARM programs and would like
to advertise on BurlingtonMortgage.biz,
please call 910-547-6910.
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