Adjustable rate mortgages involve a
trade-off. The borrower gets a lower interest rate initially, but must
bear the risk that interest rates rise in future years. However should
interest rates decline, the borrower stands to benefit. The loans
typically are repaid over a 30 year period, but monthly payments may go
up or down over that period of time, depending on the movement of
interest rates.
Calculator:
Adjustable Rate Mortgage Calculator
Adjustable rate mortgages do not provide fixed monthly payments. With this calculator, you can determine your initial monthly payment and what the impact of subsequent interest rate adjustments will mean to your monthly payment.
Lakeview Office - 2044 W. Roscoe, Chicago IL 60618-6227 | 773-524-4444 Lincoln Square Office - 4762 N. Lincoln, Chicago IL 60625 | 773-293-1200 Lincoln Park - 912 W. Armitage, Chicago IL 60614 | 312-948-2555 Wheaton Office - 923 E. Roosevelt Rd, Wheaton IL 60187 | 630-690-6900
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in the best position to deliver the highest level of satisfaction for the
client through the integration of state-of-the-art technology, marketing,
training, professional development and superior management. We believe in
creating solid mutually beneficial relationships guided by the principles
of integrity, loyalty, dedication and strength of character in the quest
for prosperity in business and in life.
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