Let Iowa Mortgage Solutions prevent your adjustable rate mortgage payment from going up !!!
If your loan is about to adjust, chances are there’s only one direction it’s going to adjust – UP. Iowa Mortgage Solutions has helped several clients get a fixed rate before it was too late. Consider refinancing even with less than perfect credit:
- Convert an adjustable rate loan to a fixed rate loan
- Get a lower payment than you currently have
- Lower your payment to have more cash each month
- Payoff your high interest credit cards
- Apply for a fixed rate loan today
Iowa Mortgage Solutions knows that people have different needs and we are here to handle all credit situations. The uncertainty of what your rate will be down the road can be a huge concern.
Things to know about your Adjustable Rate Mortgage:
An adjustable rate mortgage, also know as an ARM is a popular type of mortgage loan, although there are both advantages and disadvantages to opting for an ARM. With an adjustable rate mortgage you could find that you can get a very good deal in terms of interest and payments, but at the same time this is not the right mortgage for those that cannot afford upward fluctuations in their monthly payments. If you are considering whether to choose an adjustable rate mortgage there are some things you should keep in mind.
An adjustable rate mortgage is not right for you if you are on a very tight budget and cannot afford any rises in mortgage repayments. If this is the case, a fixed rate mortgage will probably offer a better peace of mind.Apply for a fixed rate mortgage loan today to have that piece of mind with your finances.The ARM is linked to an economic index, and it is the fluctuation of this index that creates fluctuation of the ARM interest rate, and determines whether our repayment will be up, down, or remain the same. The interest rate on an ARM can go down as well as up, and you could make substantial saving if the interest rate goes down.
Call a loan specialist from Iowa Mortgage Solutions today for a free no cost consultation of your situation.
Call today, 319-377-1988 and be on your way to fixing your ARM problem NOW.