Questions? 800-964-3444, www.efirstbank.com
Adjustable vs. Fixed Rate
Information is for
The information below is intended to help you decide whether a fixed rate mortgage or an adjustable rate mortgage is right for you.
||Stays the same for the life of the loan.
||Typically higher initial payments than an adjustable rate mortgage.
||30, 15, 10, 7,or 5 year loan terms. Rate fixed for entire loan term.
||May increase or decrease over the life of the loan.
||Typically lower initial payments than a fixed rate mortgage.
||30 or 15 year loan terms. Rate fixed for 7 or 5 years.
Our mortgage specialists can help you find the mortgage that is right for you.
Mortgage Rate and Payment Calculator