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Adjustable Rate Mortgage Loan

Are your monthly payments too high? We can help consolidate your debts and lower your monthly payments. For over 31 years, Ocean Pacific Capital has offered fixed and adjustable rate mortgages with one of the lowest and competitive rates.

With access to over 130 different lenders, we have the ability to shop for the best loan to meet your needs. Not only do we ofer low rate on adjustable rate mortgage loans, but our trusted, expert services ensures that there are no hidden home loan costs. So with us, you’ll get the best loan with the best rates and great service.

Debating between a fixed rate and an adjustable rate mortgage loan? An adjustable rate mortgage loan, or a variable rate mortgage loan, is a loan that is secured on a property, whose interest rate as well as payments vary over time. These loans are the best options for borrowers who do not qualify for fixed rate loans, need a lower interest rate, or plan on selling their home within the next few years.With an adjustable rate mortgage loan, the borrower will definitely benefit if the interest rates decrease, but payments will increase when interest rates rise. For borrowers that plan to move within a short period of time, such as three to seven years, these adjustable rates are more attractive. Adjustable rate mortgages, like other types of mortgage, may offer the ability to repay principal (or capital) early without penalty. Early payments of part of the principal will reduce the total cost of the loan (total interest paid), and will shorten the amount of time needed to pay off the loan. Early payoff of the entire loan amount (refinancing) is often done when interest rates drop significantly.

For more information or to get started on this process today, call us to speak to one of our residential loan specialist!

NMLS #: 279674
DRE #:00619059

Equal Housing Lender