Community Financial offers three types of traditional mortgages: fixed rate, adjustable rate and balloon mortgages.
Whether you’re looking to get that much-deserved lakefront vacation home or are planning on purchasing some investment property, Community Financial can help.
Speak to a mortgage specialist today about your financing options.
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With our adjustable rate mortgages, Community Financial is able to give you the benefit of a lower rate for the initial term of the loan. However, once the initial period has passed, your rate may change periodically over the term of the loan. The rate increases or decreases depend on loan’s index and margin at the time.
Our adjustable rate mortgages offer:
• A maximum loan value of 95%
• Annual re-pricing based on the 1-year index + 2.75% and a 30-year term
• Annual rate cap: 2.0%, lifetime cap: 6.0%
• Your annual percentage rate (APR) varies based on your loan amount and finance charges
• ARM rates and points are subject to change without notice
An ARM is great if you’re confident that your income will increase steadily or if you plan to move in a few years.
Check out our ARM rates here, fill out an application online or speak to a mortgage specialist today.
Equal Housing Lender - We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act
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