What can you expect when you get your mortgage loan from AMPLIFY?

ADJUSTABLE RATE MORTGAGES (ARM)

Because ARMs are subject to later rate adjustments, the initial interest rate is set lower than standard fixed rates. That means you have lower payments initially, or increased purchasing power. In addition to standard programs that adjust annually, our programs provide an initial fixed rate from 3 to 10 years before the rate adjusts at all. These options are best for those who want added payment stability and lower monthly expenses. Other features include:

• Purchase financing up to 95% loan-to-value
• 30-year terms
• Loan financing up to $1,000,000
• Flexible financing options
• No hidden fees or charges

ARM MORTGAGE TYPES:

• 1-YEAR ARM — Low initial rate and payment. Allows you to qualify for a higher loan amount and increases your buying power. This type of mortgage is helpful for those who expect to receive annual salary increases to offset potentially higher payments due to rate adjustments.
• 5 / 1 ARM — Interest rate stays fixed for the first five years and adjusts annually thereafter, allowing for higher loan amount qualification and enhanced buying power.
• 7 / 1 ARM — Interest rate is lower than a fixed rate for the initial seven years, and then begins annual adjustment. 30-year amortization.

Conversion to a fixed rate on these products is available during ARM period. Your interest rate and monthly payments will adjust in the future, and the interest rate can rise above the current fixed rates over time. But it's a great choice if you want a loan with low initial payments and the benefits of both a fixed and ARM product.

Talk to one of our mortgage lending specialists, Cheryl Boswell or Sheri Dulak, about a loan tailored just for you. Cheryl can be reached at 512-904-2451 and Sheri can be reached at 512-904-2434.

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Need a quick close?

At AMPLIFY our mortgage lending specialists can close your loan within 30 days of providing them with a signed contract and inspection!

Want to get started?

We can get you pre-approved in a matter of minutes! Our online Loan Consultant determines the products and rates that best match your needs, or set up an appointment with one of our Mortgage Lending Specialists today!

Apply for your Mortgage Loan online now!

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