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Mortgage Loan Programs

Adjustable Rate Mortgage

Adjustable Rate Mortgages or ARMs are available in Conventional, FHA and VA loans. The interest rate on an ARM adjusts based on a published index. ARMs have a fixed rate for a portion of the term and make adjustments after that period. An example is a 5/1 LIBOR ARM. This program would have a fixed interest rate for 5 years. After 5 years, the rate would adjust annually based on the London Interbank Offered Rate (LIBOR). There are many ARM programs available to choose from. ARMs are offered on all types of properties.

 

 

To see Zions Bank rates and apply, click here.

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An Adjustable Rate may be right for you if you feel comfortable taking a little more risk.

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