Buying a house is expensive. Sometimes it takes every dollar you can scrape together. But there's a way to lower monthly mortgage payments during the first years of ownership. An Adjustable-Rate Mortgage from First Bank comes with an introductory interest rate that's definitely special - and one that can buy you time to rebuild your savings and make other purchases.
- Lock in low interest rates for a loan term of 5, 7, 10, or 15 years.
- Prepare for interest rates to be adjusted on a semi-annual basis.
- Get protection from caps that limit how high your loan rate can go.
- Profit even more should interest rates decrease over the life of the loan repayment period.
- Consider this mortgage loan if you expect your income to rise in the near future, or you plan to move again before the introductory rate period ends.
*Loan is subject to credit approval and program guidelines.