adjustable rate mortgages - ARMs
rate type: fixed and adjustable
Combo loans are a combination of fixed rate and ARM loans. Combo loans start out at as fixed rates loans, adjusting to an ARM after a set period of years.
These loans carry less risk than 1-year ARMs and the interest rate is generally lower than fixed-rate loans.
|rates and payments fixed for a specified term|
|select this product for a lower rate|
|select this product for initial stability|
|select this product if you plan to remain in your home for less than 5-7 years|
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