Types Of Loan Programs Fixed vs Adjustable

One of the first choices a homebuyer will need to make is whether you want a fixed-rate or an adjustable-rate mortgage loan. The bulk of loans will fit into one of these two categories, however, there is a third option that will allow you to "hybrid" the two.

An adjustable-rate mortgage, (ARM): The interest rate of the mortgage adjusts periodically based on market conditions. For example, your payment will go up if rates go up and go down if rates go down. Fixed-rate Mortgage: Unlike an adjustable-rate mortgage the interest rate is set at the time you take out the loan and will not change.  Hybrid ARM: Features an initial fixed interest rate for a certain amount of time and then becomes an adjustable-rate for the remainder of the term.

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Licensing

Jay Robin's NMLS #699252

Branch NMLS 1677722

Corporate NMLS #237341

Contact Us

Jay Robins - NMLS 699252
American Financial Network, Inc.

1451 W. Cypress Creek Rd.
Suite 300
Fort Lauderdale, FL 33309

Number:
(954) 612-8192

This site is not authorized for NY origination.
By refinancing your current loan, your total finance charges may be higher over the life of the loan.
Branch NMLS# 1677722. American Financial Network, Inc., is licensed by the Florida Mortgage Lender Servicer License (MLDB6654) under Nationwide Mortgage Licensing System (NMLS), unique identifier of 1677722. Refer to www.nmlsconsumeraccess.org and input NMLS #237341 to see where American Financial Network, Inc. is a licensed lender. In all states, the principal licensed office of American Financial Network, Inc. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID#237341). This is not an offer for extension of credit or commitment to lend. All loans must satisfy company underwriting guidelines. Not all applicants qualify. Information and pricing are subject to change at any time and without notice. The content in this advertisement is for informational purposes only. Products not available in all areas.