Fill out the "Mortgage Questionnaire" with Cardinal Financial of Las Vegas!
Phone:702-945-0277
With an adjustable rate mortgage (ARM), the interest rate may go up or down. Many ARM's will start at a lower interest rate than fixed rate mortgages. This initial rate may stay the same for months or years. When this introductory period is over, your interest rate will change and the amount of your payment will likely go up.
Part of the interest rate you pay will be tied to a broader measure of interest rates, called an index. Your payment goes up when this index of interest rates moves higher. When interest rates decline, sometimes your payment may go down, but that is not true for all ARM's. Many ARM's will limit the amount of each adjustment, and set a maximum or “cap” on how high your interest rate can go over the life of the loan. Some ARM's also limit how low your interest rate can go.
Before taking out an adjustable rate mortgage, find out:
Tip: Don't assume you’ll be able to sell your home or refinance your loan before the rate changes.
The value of your property could decline or your financial condition could change. If you can’t afford the higher payments on today’s income, you may want to consider another loan.
Fill out our short online mortgage questionnaire to get pre-qualified in minutes
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Your source for Residential Lending Cardinal Financial of Las Vegas. Corp. NMLS #66247 8485 W. Sunset Rd., Suite 202, Las Vegas, NV 89113 MLD NV NMLS Consumer Access Consumer Financial Protection Bureau Kurt A Goldberg Mortgage Adviser LO Lisc# NV-4264 | NMLS# 377429. This is not an offer of credit or commitment to lend. Loans are subject to buyer/property qualification. (702) 945-0277
8485 W Sunset Rd, Suite 202Las Vegas, NV 89113Tel: 702-945-0277
Fax: 702-945-0277Mortgage Links
Mortgage Corporation | NMLS# 66247
Kurt Goldberg NMLS# 377429; NV Mortgage Loan Originator License #NV-4264