Adjustable Rate Mortgages
Adjustable-rate mortgages, or ARMs, differ from fixed-rate mortgages in that the interest rate and monthly payment moves up and down as market interest rates fluctuate based on a preset index and margin. There is an initial fixed-rate period during which the rate doesn't change, followed by a much longer period during which the rate changes at preset intervals. Fixed-rate periods and interest rate adjustment caps vary by product.
For specific information regarding Capital Bank Adjustable Rate Mortgage program offerings, please view the ARM Program Disclosure - Portfolio Loans.
For specific information regarding Capital Bank Secondary Market Adjustable Rate Mortgage program offerings, please view the ARM Program Disclosure - Secondary Market.
Additional general information regarding Adjustable Rate Mortgage can be found by viewing the Consumer Handbook on Adjustable Rate Mortgages (CHARM).
Additional information regarding possible closing costs associated with your home purchase can be found by viewing the Shopping for your home loan - Settlement Cost Booklet.
Please contact a local Mortgage Consultant today to discuss your purchase, refinance, or construction mortgage options!
**All loans are subject to credit approval.