National Financial Services Corp - California Bay Area Real Estate and Finance Company

1, 3, 5, 7, 10 Year Adjustable Rate Loan Programs

An Adjustable Rate Mortgage (ARM) is a mortgage loan that is most widely known for its low starting interest rate (when compared to the 30 & 15 year mortgage loans). This 'low' introductory rate is used to calculate the mortgage payment for a specified period of time. Once this introductory period is over, the interest rate is adjusted periodically based on a preselected index. The most commonly used index is the yield on the one-year Treasury Bill. The new interest rate is determined by adding this index to a set margin (which is determined by the lender). Although there are a variety of adjustable rate mortgage programs available, the most common program is the One Year Adjustable Mortgage (one Year ARM). The interest rate on the one year ARM is adjusted once each Year, for 30 years. APR's on variable rate loans are subject to increase but may decrease from year-to-year, the borrower should be prepared to handle an increase in his/her monthly payment (should the index rate increase).


We offer you several convenient and
secure options to get started.
Get pre-qualification letter
Fill out our Short Application Form
Fill out our Long Application Form
Copyright © 2006 National Financial Services Corp.
1375 Locust St., Suite 205 Walnut Creek, CA 94596
Tel: 1-800-336-3237
Designed by Core Technologies