mortgages > Adjustable Rate Mortgage

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!

3/1, 5/1 & 7/1 ARMs are available to fit your needs!

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!"