5 Year Adjustable Closed End Mortgage 


5 Yr Adj Closed End
5 Yr Adj Closed End 5.79% 5.90%


5.79% Annual Percentage Rate (APR*) is adjustable and will reset every five years. After five years the rate will adjust to no less than 4.00% APR or no more than7.79% APR, Thereafter the rate will never change more than 2% per adjustment period or 6% over the life of the loan and the rate will never be less than 4.00% APR or exceed 11.79% APR or the maximum allowed by law. These rates are our “as low as rates” based on the 5 year T-bill and adjustments and restrictions may apply.
These rates apply only for Refinance and Purchase Mortgages for primary and secondary residences.  "As Low As" rates are our best rates and are determined by credit score and number of services used. Certain restrictions apply. Please contact us for complete details. * APR = Annual Percentage Rate


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!


Could a Northland mortgage be right for you?
Let's talk about it! Call 989-739-1401 today!


NMLS 463831

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