Adjustable Rate Loans

Contact our office to learn more about Adjustable Rate Mortgages from Bank of England Mortgage

Bank of England Mortgage's adjustable rate mortgages offer an excellent option for many homebuyers - a lower rate than traditional fixed-rate mortgages offer and the stability of longer-term fixed-rate mortgages. To be sure, the longer the rate is fixed and the more stability the borrower receives.

Contact our office to learn more about Adjustable Rate Mortgages from Bank of England Mortgage

Interest rates on adjustable rate loans are attractive and fixed until they reset in 3, 5, 7, or 10 years.

Many borrowers, not surprisingly, prefer them, especially those who plan to move before interest rates on their loans reset.

3-Year ARM
The 3-year ARM loan is amortized over 30 years, and its rate is fixed for the first 3 years, and it becomes an adjustable mortgage for the remaining 27 years of the 30 year cycle.

5-Year ARM
The 5-Year ARM loan offers an interest rate that is fixed for 5 years, and it becomes an adjustable mortgage for the remaining 25 years.

7-Year ARM
The 7-Year ARM loan provides an interest rate that remains fixed for seven years, and it becomes an adjustable mortgage for the remaining 23 years.

10-Year ARM
The 10-Year ARM loan offers an interest rate that is fixed for the first 10 years, and it becomes an adjustable mortgage for the remaining 20 years.


Contact us today at (225) 939-9878 to get started or start an application today.