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Conventional Adjustable rate
· As little as 5% down on some programs. |
· Adjustment periods 6 months, 1, 3, 5, 7, & 10 years. |
· Maximum life cap of 5-6% on most programs. |
· Periodic adjustment caps vary from 1-2% |
· Owner occupied, second home and 1-4 unit properties. |
Best For
· People who are planning to move
in a few years and thus aren't concerned about possible rate
increases. |
· You are confident your income will rise enough
in the coming years to handle any increase in payments. |
· You need a lower initial rate to afford to
buy the home you want. |
Click
Here to Complete a Quick Application
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To
receive $250.00 off closing costs with Harvard Financial
Group click here!
Print out the offer and present it to your HFG broker at your
next appointment. |
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