Need a lower interest rate?
Looking to increase your purchasing power?
Planning on moving a few years after purchase?
Then you are in a
good position to take advantage of a
Mid-Island Adjustable Rate
Mortgage!
Initial ARM rates are lower
than fixed rates, making real estate purchases and refinances more
affordable than they would be with
a fixed rate mortgage for the same amount. This may even help you
qualify for a larger loan! ARMs are also ideal for homebuyers who
plan to sell within a few years.
ARMs can also be less expensive
over a long period if interest rates remain steady or move lower.
What’s more, ARMs have
an overall cap that places a limit on the amount your interest
rate can increase. Caps vary based on the ARM plan and borrowers
have the option of refinancing at any time. They can be used for
cash out equity refinancing. Cash out on the equity of your house
now!
The Mid-Island Mortgage Corp. difference.
What separates Mid-Island Mortgage
Corp. from everyone else is our solid track record and proven stability
since 1959. Mid-Island Mortgage Corp. is your personal mortgage
banker, regardless of trends and market cycles. While many
of the new players to the home mortgage field have abandoned the
community, chasing the next "hot market" to take advantage
of, Mid-Island Mortgage Corp. is still happily serving you, your
family and your neighbors.
Our commitment to the thousands
seeking the dream of home ownership is one of the many reasons
we say "you always have a home with us!"
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