WE SPECIALIZE IN FIXED-RATE MORTGAGES

 Many Homeowners may be headed for Financial Disaster

and they don’t even know it!

 


The hazard of an Adjustable Rate Mortgages (known as “ARM”)

1. Most ARM Note Loans allow the original Lender the opportunity to adjust the Note Rate on a specific change date after you have been into the loan.  This can occur after the first 1, 3, 5, 7, or 10-year periods.  This is an automatic change and you cannot stop it.

2. On the change date the rate increases and in-turn the monthly principal and interest payment also increases.  This is usually 2%, 3%, 5% or more, depending on your original adjustment rate.  This is an automatic increase and you cannot stop it.

3. As Example:  On a $200,000.00 3-Year ARM at 5.50%, the original monthly principal and interest payment is $1,130.40.  After the first 3-years have expired, the rate will automatically increases 3.00% to 8.50%, and the new P&I monthly payment goes up to $1,527.01 (an increase of $396.61 MORE every month). 

4. But the increases do not stop there:  Usually there are other provisions in the Note that allows the Lender additional rate increases every 6 months after the first one.  These are 1% more, up to a final rate of 6% over the initial rate, in this case 5.50%.  The new rate automatically becomes 11.50% and the new P&I payment becomes $1,961.78 (an increase of $831.38 MORE every month) that remains until your loan is paid off.

5. THE ONLY WAY TO AVOID THESE INCREASES IS TO PAYOFF YOUR LOAN BY REFINANCING YOUR LOAN OR TO SELL YOUR HOME.

 

  

Most homeowners believe that they have plenty of time to look into getting a fixed rate, usually just before the adjustment change date happens.  By that time it may be too late, especially if fixed rates are considerably higher, personal problems exist or property values are less. Adjustables are “Financial Time-Bombs” that increase the risk your home ownership may be in jeopardy if you can’t afford the increases in payment.  YOU CAN”T AFORD TO GAMBLE CONDITIONS WILL BE BETTER LATER.  A fixed rate now will safeguard your mortgage, but more importantly, it helps protect the home you have worked so hard to get.  Current interest rates are their lowest in several years.  This is the most important investment that you ever made; don’t gamble conditions will better later start the process NOW.

 

ImproveYourMortgageNow.com is a web site location of Freedom First Mortgage Group, Inc.  ImproveYourMortgageNow was established to primarily focus on the current mortgage delimna with homeowners that hava an ADJUSTABLE RATE mortgage that is due to adjust to a higher rate and payment in the near future, and who requires refinancing to convert to a FIXED-RATE.

 We use the most up-to-date technology to originate and close loans quickly and hassle-free.  We take extreme care to anticipate problems and head them off”.  No other company takes as much pride and attention to offer the most ways to get you and your loan protected against fluctuating rates and payments. 

 Once we take your application, we provide as many loan scenarios that will eventually allow you to make an educated choice of the loan program that fits you and your needs.  Our mature staff has combined mortgage knowledge spanning decades of years of experience in the mortgage industry.   We subscribe to all federal and state Fair Lending Laws, and always consider that the client does come first…

 * Feel free to contact me any day, including weekends, to discuss your options.  With over 9 year’s mortgage banking experience, I can answer your questions without hassle or confusion.  All applicants with various levels of credit, income and employment are encouraged to apply.  Freedom First Mortgage Group has been helping Georgians since 2001, please let us prove what we can do for you!

 

We also offer many other mortgage programs designed for:

  • Existing home owners and potential home buyers
  • Real estate agents and their buyers
  • Builders with standard and custom home plans
  • FHA – VA –  and Conventional purchase and refinance programs
  • Limited documentation loans for the self-employed
  • Varied loan amounts to over $2,000,000.00
  • No-cost, no-obligation analysis & pre-approval in less than 30 minutes
  • All applicants with various levels of credit, income and employment
  • One-On-One personalized service at your home, our office or other location

 

  

 Contact:   David J. Isenberg, Senior Loan Officer  •  (678) 366-0860           

 
 

ImproveYourMortgageNow.com,
a location of Freedom First Mortgage Group, Inc.

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