How can I keep my payments low?
Buying instead of renting can save you money (potentially a lot of it), even if you’re not sticking around for your full term. When you pay your mortgage each month, you’re actually building equity that you can get back when you sell the house.
An adjustable rate mortgage is probably going to be your best option.
What's an ARM?
Basically, ARMs start with a fixed-rate entry period and then later switch to an adjustable interest rate. They offer several advanages, such as:
- Initial interest rates that are lower than standard 30-year-fixed rates.
- Lower monthly payments allow you to maximize your cash flow.
- You've also got options when it comes to how long that initial period lasts, how often the rate adjusts afterward, and even what the rate is capped at.
Why choose Total Mortgage?
We offer a wide variety of adjustable rate mortgages.
- We have some of the lowest interest rates in the country, which can save you money over the course of your loan.
- Our consultative approach helps educate borrowers as they progress through the process.
- No worrying about tight move-in schedules. We’ll close your purchase loan in thirty days or less, guaranteed.*
*terms and conditions apply https://www.totalmortgage.com/30-day-guarantee/