Hybrid ARM Jumbo Loans

Hybrid adjustable rate mortgages (ARMs) combine the predictable monthly payments of a fixed rate mortgage with the lower initial payments of a traditional adjustable rate mortgage.  If you do not plan on living in your home indefinitely, a hybrid ARM can save you a substantial amount on your monthly housing expenses.

A hybrid ARM allows you to secure a fixed interest rate for a predetermined amount of time: generally three, five, seven, or ten years.  Although amortized over a 30 year period, these loans usually have rates considerably lower than fixed-rate jumbo loans.  After the fixed-rate time period, your interest rate is subjected to periodic adjustments like a traditional ARM.  For example, a 7/1 ARM would have a fixed interest rate for seven years and an adjusted interest rate thereafter.

Please contact one of our mortgage consultants to see if a hybrid ARM makes sense for you.