4.99% Rates?

We are offering a 4.99% mortgage rate on a 7/1 ARM. This means your rate is fixed for seven years. It is a 30 year mortgage term. If having a low payment is important to you and you do not expect to live in the house for more than six or seven years this could be your solution. The mortgage will adjust a maximum of two points or to 6.99% on the eight year. It also will adjust a maximum of two points on the ninth and 10th year. A 7/1 ARM is a great loan for people who have a seven year itch. Have you refiananced or moved in the last seven years? APR 5.07%