Enjoy Your Home With a Worry-Free, Affordable Mortgage
What's so great about OUR Adjustable Mortgages? Low rates, minimal closing costs and no annual fee!
I'm nervous about adjustable rate mortgages. Are they a good idea? Adjustable Rate Mortgages, or ARMs, have developed a poor reputation in recent years. That's unfortunate, because much like financial institutions, all adjustable mortgages are NOT equal. The fact is, a well structured adjustable rate mortgage can provide an affordable financing opportunity. Rest assured, with a Northland ARM there will never be surprise increases or skyrocketing rates.
Do rates always go up? Could my rate ever go down? Each adjustment period, your rate can change by as much as 2%. The rate is based on the current value of Treasury Bills and can raise, lower or stay exactly the same. However, it will never go lower than the current rate, nor will it raise by more than 6% APR over the entire life of the loan.
Can I apply for refinancing at these rates? Absolutely! We're here to help you find the right mortgage for your needs. Give us a call at 989-739-1401 or stop by your favorite Northland branch and let's talk about it!
These are some of the great products we offer:
- Home Equity Mortgages and Lines of Credit
- Long and Short Term Fixed Rate Mortgages
- Veterans Administration (VA) Mortgage Loans
- Rural Development Mortgage Loans with low down payments
- Adjustable Closed End Mortgage Loans
| Type | Rate | APR* |
|---|---|---|
| Adjustable HELOC | 8.24% | Variable |
| *APR = Annual Percentage Rate. This loan is adjustable and will reset every five years; Read More | ||
| Type | Rate As Low As | APR* As Low As |
|---|---|---|
| 15 Year Fixed* | 7.000% | 7.06% |
| 30 Year Fixed* | 7.375% | 7.41% |
| * APR = Annual Percentage Rate. Published rate on date stated is subject to change without notice. Read More | ||
| VA Mortgage* | 7.375% | 7.77% |
| Rural Development* | 7.75% | 8.23% |
| * APR = Annual Percentage Rate. Published rate on date stated is subject to change without notice. Read More | ||
| ARM Unimproved Land** | 9.54% | 9.98% |
| *APR = Annual Percentage Rate. This loan is adjustable and will reset every five years; the annual percentage rate may vary after the account is opened. Read More | ||
| ARM Investment Property** | 8.04% | 8.88% |
| *APR = Annual Percentage Rate. This loan is adjustable and will reset every five years; the annual percentage rate may vary after the account is opened. Read More | ||
Could a Northland mortgage be right for you?
Let's talk about it! Call 989-739-1401 today!
NMLS 463831
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