No points.
No closing costs.
No kidding.

7/1 Adjustable Rate Mortgage

Purchase or Refinance

3.625% Rate  |  3.625% APR*


Consider an adjustable rate mortgage if:

  • You plan to be in your home less than 15 years
  • You think rates will remain steady or decline during the initial term of the loan
  • You desire a lower monthly payment and are comfortable with a variable rate

Apply Now

To speak to a Mortgage Specialist, call 877.MY.METRO (696.3876) or email us today.
 


*Annual Percentage Rate (APR) of 3.625% and an interest rate of 3.625% as of 4/22/2020. The initial payment on a 30-year $600,000 loan is $2,736.31 ($4.56 per $1,000.00 borrowed). After the initial 7 years, the principal and interest payment is $2,635.44. The fully indexed rate of 3.25% is in effect for the remaining 23 years. The rate is variable and subject to change annually. The rate at the time of adjustment is based on the 1-year WSJ Libor index plus a margin of 2.25%. Current index is 0.987%. Payment does not include taxes and insurance escrows; actual payment may be greater. Homeowners insurance required and flood insurance where necessary. Property must be primary residence. Available on loans over $510,400 for residences located in MA or southern NH. Rates subject to change. NMLS# 198524