Many homebuyers opt for Adjustable Rate Mortgages because they offer a low-interest rate and monthly payment. That's because they meet the needs of homeowners well, and here's why: Most borrowers stay in their homes just five to seven years, making 3-, 5-, or 7-Year ARMs excellent loan options for them.
Bank of England Mortgage's mortgages offer an excellent option for many homebuyers - a lower rate than traditional fixed-rate mortgages offer and the stability of longer-term fixed-rate mortgages. To be sure, the longer the rate is fixed, the more stability the borrower receives, and the higher the interest rate.
Interest rates on these loans are attractive and fixed until they reset in 3, 5, 7, or 10 years.
Many borrowers, not surprisingly, prefer them, especially those who plan to move before interest rates on their loans reset.
3-Year
5-Year
7-Year
10-Year
Need more information? Give us a call at (262) 439-8043 or start an application today!