Find the Right Home Loan for You

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Loan Programs

ARM Mortgage

The interest rate on an ARM Mortgage, also know as an Adjustable Rate Mortgage, will be fixed for a stated period of time and will then become adjustable for the remainder of the loan. For example, a 5-year fixed (30-year) loan would have a fixed interest rate for the first five years and then convert to an adjustable rate for the remaining 25 years.

ARM mortgage have more risk due to the possibility that the interest rate could increase. However, because you are assuming additional risk the lender will generally reward you with a lower interest rate and monthly payment during the initial fixed interest period.

These loans are of particular benefit to borrowers that plan to either sell the property or refinance before reaching the adjustable period. Genisys offers several ARM mortgage programs with fixed interest ranging from 1 year to 10 year terms.

Best For:

  • The lowest short-term rates
  • Initial lower monthly payments
  • Know you’ll be moving within the next few years

Borrower(s) Qualifications:

  • Initial rate periods of 3-10 years, then rates can adjust up or down
  • Have an established credit history
  • Can put at least 5% down on a home

Similar Program(s):

Genisys Mortgage Professionals

Since 1999, Genisys Mortgage has provided a wide variety of mortgage loan options, offering personalized & knowledgeable service with a strong attention to detail to borrowers and Realtors all across Northern and Central Michigan.

Cadillac
116 E. Nelson St.
Cadillac, MI 49601
(231) 779-9817

Traverse City
1603 Barlow Street Ste 2
Traverse City, MI 49686
(231) 779-9817

Petoskey
116 E. Nelson St.
Cadillac, MI 49601
(800) 382-0035

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