Southland Home Finance
Is The Premier Broker!
Adjustable Rate Mortgage
Get a low affordable rate at the start of your mortgage.
Advantages of an Adjustable Rate Mortgage
Low, affordable rate available for a fixed period of time at the start of your mortgage.
Typically ARM loans have lower starting rates than other fixed rate mortgages.
Buy your primary home with as little as 5% down.
Refinance your primary home for up to 95% of its value.
How It Works
How an Adjustable Rate Mortgage Works
Your interest rate is fixed for a given period of time - for example, 5 years. After that, your interest rate adjusts over the remaining period of time.
You can pay down your mortgage at any time without prepayment penalties.
Your payment will go toward paying the principal (the amount you borrow) and interest (a fee you agree to pay when borrowing the money). It’ll also be used to pay your taxes and insurance.
You might have to pay for mortgage insurance. This depends on your down payment if you’re buying a home, or how much equity you have if you’re refinancing.
2019 Loan Limits
Conventional Loan Limits:
$726,525 expanded (High Balance) - available through Southland Home Finance in All California Counties!