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Are Your House Payments Going Up?
Does Your Adjustable Mortage Require Too Much Adjustment?
Adjustable Rate Mortgages (ARM) offer lower initial interest rates and lower payments for the first few years of the loan. They were ideal for getting more house for your money, banking on the fact that the borrower’s income will increase as the monthly payments increase, and that home values will continue to appreciate.
Today, interest rates are higher and many of the ARM rates are adjusting upwards as well - leading to payment shock.
The good news is that rates are lower than you may think. Mortgage Loans are our specialty. Please call Yukon locations at 354-5281, our YNB Peoples branch at 495-4511 or YNB Mustang at 376-9000 and speak to the Real Estate Department.
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