Lower Your House Payments
Have there been months that you wished you had a 30 year mortgage payment instead of a 15 year mortgage? Maybe you had unexpected bills this month that are going to really stretch the monthly budget to the max. If you are thinking about buying your first home but are concerned about the large house payments until you get the big raise next year. The Flex Payment Option Mortgage is also ideal for people that are buying a home and do not plan on being in the house for the full term of the loan because of temporary move for a job, military transfer or such. We understand these concerns and are happy to introduce the new Flex Payment Option Mortgage. Apply Now and start saving money today.
With low interest rates starting at *1.79% APR, a Flex Payment Option Mortgage will allow you to manage your monthly house payment and other bills with ease every month. Here are a few examples of how low your payment could be with the new Flex Payment Option Mortgage:
You Borrow Your Monthly Payment**
$50,000 $167
$150,000 $499
$300,000 $999
$400,000 $1,333
There are a couple of advantages in getting a flex payment mortgage or an ARM. One advantage is that you have low initial payments on your house letting you ease into owning a home and in some cases you can get approved for a more expensive home. We usually recommend this loan for someone who plans to own a home for only a short time and want affordability and flexibility with their monthly payments. One option is to take the minimum payment option but if you do end up owning your home for more than just a few years then you will see your monthly payments increase suddenly and you should prepare yourself for this situation and not let it catch you by surprise.
The Flex Payment Mortgage is not for everyone but in some situations it can be a smart way to finance your house. There are many options when it comes to getting an ARM so remember to ask plenty of questions and make sure you understand the terms and options on each loan. Take your time and get the right loan for you.