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7 Year Fixed Rate Mortgage (7/1 ARM)
BD Nationwide can help you review 7/1 mortgage rates from lenders and bankers that offer lower intro interest rates with 1st and 2nd mortgage loans for purchasing a home or refinancing to get cash out.
Search lenders offering competitive hybrid ARM's like the 7-year mortgage rates. The 7/1 ARM that provides an introductory interest rate that is fixed for the first seven years of the loan. After that, the mortgage rate becomes adjustable for the remaining term.
The interest rate will be adjusted and calculated on the origin of the average yield on U.S. Treasury securities adjusted to a constant maturity of one year, plus an additional fixed margin.
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Relax and enjoy your new home with low fixed interest rates and affordable payments for five years! |
With the 7-year fixed rate, you can benefit from a lower rate than the traditional 30-year fixed rate for the 1st 7 years of the loan. Top loan experts believe that it is important for borrowers to be confident when taking a loan on against your home. 7 years of fixed payments is a responsible mortgage, because you are making payments towards paying down the principal, and interest.
Finance Tips and Loan Advice
Benefits:
Lower monthly payment for 7 years can save you thousands of dollars. During the adjustable period, the interest rates can be lowered if the market trend improves.
Lower payments increase purchase power
Concerns:
7-year mortgage rates could be higher when the adjustable period kicks in the monthly payments can increase significantly depending upon the market pricing
- Refinance for Lower Rate
- Additional Tax Deductions
- Low Rate Second Mortgages
- Debt Consolidation of High Rate Credit
- Home Improvement Loans
Example:
$400,000 7 Year Fixed at 5.75%
Monthly Payment = $2,366.15
Don't wait any longer, Call now to speak with a seasoned loan professional live. We offer a helpful consultation that includes a free loan quotes with no obligation. |
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ARM vs. Fixed Rate Calculator
How does a fixed rate 1st or 2nd mortgage compare to an adjustable rate mortgage or home equity line of credit? |
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