Adjustable-Rate Mortgage Loan Programs

Planning to stay in your mortgage for a short time? Consider these programs.

Adjustable-Rate Mortgage (ARM) loan products offer a cost-effective solution for prospective homebuyers with short-term mortgage goals. The first number in your ARM program refers to the fixed rate period at the start of the mortgage. The second number in the ARM program references the intervals your rate will be reset following the introductory fixed rate period.

 

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powerARM Loan Program

Program features:

 

*3/1, 5/1, 7/1 and 10/1 ARM programs feature fixed rate for the first 3, 5, 7 or 10 years withthe rate subject to change annually following the expiration of the fixed rate program. 5/5 ARM program features fixed rate for the first 5 years. Rate is subject to change after the initial 5 years to a new fixed rate. Following the expiration of this fixed rate period, rate is subject to change every 5 years. **Private Mortgage Insurance (PMI) required when loan-to-value exceeds 80%. 

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smartARM Loan Program

Program features:

 

* 5/5 ARM program features fixed rate for the first 5 years. Rate is subject to change after the initial 5 years to a new fixed rate. Following the expiration of this fixed rate period, rate is subject to change every 5 years.

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Testimonial

"I can't speak highly enough of the team at Benchmark Mortgage. They treat their clients as if they were family and/or only clients. This is my second time using them for a home purchase and the service an attention to detail is just as exceptional as the first time around. Steven, Rob, and the rest of team are prompt to respond to emails and calls regardless of the time of the day, and even on weekends which is unheard of in financial institutions. I have been so pleased with this team that I mention them to anyone I come across that is looking for a mortgage agency including my family and they all also sing their praise. Thank you all for the work you guys do and the timeliness of your processes."

-Daniel | Google Review

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Is an Adjustable-Rate Mortgage (ARM) loan program right for you? Contact our team today and we’ll be happy to help craft a customized mortgage solution based on your unique needs.

 

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This is not a commitment to lend. All loans subject to program guidelines including credit and property approval. If refinancing an existing loan, the total finance charges may be higher over the life of the loan.