After going through this process twice with
other companies I can say that my experience
with No Bull Financial has been - by far - the
best. I have every intention of asking for their
services again when we buy our next home.
We've had so many bizarre obstacles during
this quest for our first house. And we're now
new home owners! Thanks Dave and his great team!
It was overall an extremely professional,
courteous, and stress-free process. I was so very
impressed with the quick and informative
responses to my answers.
If you are looking for an introductory rate that will help you qualify
for a larger loan, but want that introductory rate for a longer time,
check out our Treasury ARMs.
These are our most popular ARM loans. You can choose a fixed introductory
rate period of 1, 3, or 5 years. The protection of a periodic rate
cap limits the amount of each adjustment. There is no negative amortization.
And, your loan is assumable.
Here are the details:
*1-Year Treasury ARM
Index:
Monthly average of Treasury securities with a constant maturity of one year
First Adjustment:
After one year
Cap Per First Adjustment:
2%
Periodic Adjustments:
One per year
Cap Per Periodic Adjustment:
2%
Lifetime Cap:
6% over start rate
Floor:
None
Assumable:
Yes
*3 / 1 Treasury ARM
Index:
Monthly average of Treasury securities with a constant maturity
of one year
First Adjustment:
After three years
Cap Per First Adjustment:
5%
Periodic Adjustments:
One per year after third year
Cap Per Periodic Adjustment:
2%
Lifetime Cap:
6% over start rate
Floor:
None
Assumable:
Yes
*5 / 1 Treasury ARM
Index:
Monthly average of Treasury securities with a constant maturity of one year
First Adjustment:
After five years
Cap Per First Adjustment:
5%
Periodic Adjustments:
One per year after fifth year
Cap Per Periodic Adjustment:
2%
Lifetime Cap:
6% over start rate
Floor:
None
Assumable:
Yes
Got a followup question? Ask here and have a lending specialist answer it!