A 5/6 Adjustable Rate Mortgage from Addition Financial is a flex(ible) home loan option when you’re ready for a home, but maybe not a traditional 30-year fixed-rate mortgage.
📆 The 5/6 ARM begins with a fixed rate for five years. Depending on available rates and your financial situation, it could be a lower rate compared to our 30-year fixed-rate mortgage.
📉 After five years, your monthly payment adjusts every six months depending on the market. So, some payments may be higher, and some may be lower.
♻️ The full loan term is 30-years, but you do have the option to refinance if you’re ready to jump from “flex” to “fixed.”
You can start the application process for a 5/6 ARM today when you apply online. Make sure you review our “next-steps” checklist so you know what to expect.
We have a team of experts available to answer any questions and help you complete the application process over the phone. All you need to do is select a time that works best for you and we’ll follow-up with more information.
You’re also welcome to book an appointment at your local branch to meet with a relationship advisor and complete the 5/6 ARM application in person.
