Thursday, October 8, 2009

Mortgage Rates Dip Below 5%

A 30 year fixed rate mortgage is available below 5% now. We can also offer a 4.125% 5/1 ARM where the rate is fixed for five years and has a lifetime cap of increasing 6%, or in other words, 2% annually on the 6th, 7th and 8th year. Of course the plan would be to pay off the 5/1 ARM withing five years or refinance. If you prefer the idea of a fixed rate loan ask about our below 5% mortgage.

APR 4.98%
4.23%

These rates require a minimum loan amount of $125,000 and are for owner occupied Wisconsin properties.

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