Which Mortgage Is Right for You?

SOLD Which- Mortgage Is Right for You? Adjustable- Rate Mortgages HOW IT WORKS Пl Interest rates Most Many and monthly payments have a shorter initial adjustable-rate change as the market period of fixed-rate mortgages start fluctuates payments off with Lower interest rates Types of adjustable-rate mortgages 5/1/30 ARM 5 vO 30 Fixed rate for then adjusted annually for the remaining 25 the first 5 years, years of the 30-year loan 7/1/30 ARM 30 Fixed rate for then adjusted annually for the remaining 23 the first 7 years, years of the 30-year loan 10/1/30 ARM 10 OmMOnVonMI Fixed rate for then adjusted annually for the remaining 20 years the first 10 years, of the 30-year loan Fixed-rate Mortgages HOW IT WORKS Interest rates The Gives longer and monthly payments homeowners the the term of the remain the same for the security of knowing loan, the lower the Life of the loan their payment each monthly payment month Types of fixed-rate mortgages 15/15 Fixed 15-year loan with the same payment amount every month 10 15 30/30 Fixed 30-year loan with the same payment amount every month 5 10 15 20 25 30 Call Sabadell Bank to ask about current interest rates! SABADELLTM IS A SERVICE MARK OF BANCO DE SABADELL, SA USED BY SABADELL UNITED BANK, N.A, MEMBER FOIC. © 2013 SABADELL UNITED BANK, NA, A SUBSIDIARY OF BANCO DE SABADELL, S.A. ALL RIGHTS RESERVED. SABADELL UNITED BANK IS A TRADEMARK AND SERVICE MARK OF BANCO SABADELL, SA BANCOSABADELLO IS A REGISTERED TRADEMARK AND SERVICE MARK OF BANCO DE SABADELL, S.A. Member FDIC FOUAL HOUSING LENDER INFOGRAPHIC PROVIDED BY Sabadell United Bank SB www.sabadellbankblog.com Sources: http://sabadellmortgage.com/Sabadell-Mortgage-Rates.html http://www.realtor.com/home-finance/mortgages/what-is-adjustable-rate-mortgage.aspx http://www.bankrate.com/finance/mortgages/fixed-rate-mortgages-1.aspx