3 Year Adjustable Rate Mortgages

If you're planning on being in your home for less than five years, you may want to consider a 3/1 ARM mortgage from American Bank. With a 3 year ARM, your interest rate is fixed for the first 36 months of your mortgage. After that introductory fixed rate period, your rate will then begin to adjust up or down, depending upon the loan's margin, caps, and the index which the loan is currently tied too. There can be some distinct advantages with 3/1 ARM products but they also carry an elevated level of risk when compared to fixed rate mortgages and adjustable rate mortgages with longer fixed introductory periods (i.e. 5 year adjustable rate mortgages or 7 year ARMs). An American Bank mortgage professional can help you analyze the pros and cons of their 3 year adjustable rate mortgage programs so that you can make a well informed decision. Call American Bank today for current 3 year ARM rates and program information - 877-215-2290.

Request 3 Year Adjustable Rate Mortgage Information:

Call American Bank toll-free at 877-215-2290.
Request 3/1 ARM rates using the Rate Quote Form on this page.
Start the mortgage prequalification process online in just a few minutes.

Couple in front of their residence. 3 year ARM info.

BENEFITS OF A 3 YEAR ARM

Low introductory rate for the first three years of the loan.
Caps prevent loan from exceeding a set percentage rate after the loan begins to adjust.

WHO MIGHT CONSIDER A 3/1 ARM?

Home buyers or homeowners who do not plan to live in their homes for more than 3-5 years.
A home buyer who wants a low payment for several years and who feels confident in his/her ability to refinance if and when their loan begins to adjust to a higher rate.

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10 Year Fixed
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