Pacific Home Loans offers the following conventional, government, and alternative document Hawaii adjustable rate mortgage programs:
Conventional Fixed Rate Fannie Mae Freddie Mac Portfolio Government Fixed Rate FHA VA USDA
Alternative Document Self-employed Bank Statement Loan
Some of the benefits of an Adjustable Rate Mortgage (ARM)
Initial Fixed rate Choose the initial rate that best fits with your investment strategy. The PHL ARM combines the features of fixed rate and adjustable rate loans. It starts off with a stable interest rate for several years, after which it converts to an ARM, with the rate being adjusted every year for the remaining life of the loan.
Available Initial Fixed Rate Periods: 3/1 ARM 5/1 ARM 7/1 ARM 10/1 ARM
The initial fixed rate for a PHL ARM can be as much as 2% lower than the rate for a 30-year fixed!
Adjustment periods Adjustable rate mortgages are often referred to as 3/1, 5/1, and so on. The first number is the length of the fixed term – usually 1, 3, 5, 7, or 10 years. The second is the adjustment interval that applies when the fixed term is over. For example, with a 7/1 ARM, you pay a fixed rate of interest for seven years. At the end of that 7-year period, the interest rate will adjust annually up or down according to market conditions.
You should consider an ARM if you:
are planning to be in your home for less than ten years.
want the lowest interest rate possible and are willing to tolerate some risk to achieve it.
would like the peace of mind that comes with a consistent monthly payment. for three or more years, with an interest rate that’s only slightly higher than an annually adjusted ARM
are planning to sell your home or refinance shortly after the fixed term is over.
PHL is now licensed to offer home loans in California and Hawaii.
Call us toll free 866-289-2778 or local 808-891-0415 Email us if you have any questions. Click get pre-qualified to get started on the loan process right away.
Pacific Home Loans - Financing Your Paradise!
Mangum Mortgage, Inc.
Federal Trade Mark: Pacific Home Loans
DBA Hawaii: Pacific Home Loans
Artistic Photography by Justin Shaw
Contact: (808) 757-1079
Toll Free: (866)389-2778
2395 S Kihei Rd #205
Kihei, HI 96753
Hours: M-F 8am to 5pm Hawaii Time