Personal Banking / Home Mortgage Loans / Adjustable Rate Mortgage
Adjustable Rate Mortgage

Adjustable Rate Mortgages, or ARMs, were created to give homebuyers the opportunity to benefit from lower initial payments. Initial rates are generally lower than for fixed rate mortgages, and the interest rate then "adjusts" at specified intervals according to market conditions and built in controls.

 

One Year ARM
Your initial interest rate is fixed for the first year, then adjusts on your yearly anniversary date, subject to "rate caps" which keep the rate from changing too fast.


3/1 ARM
The low initial rate is fixed for the first three years, then converts to a One Year ARM or Fixed Rate Mortgage. Other Adjustable Rate Mortgages are available. Your JGB Bank representative has all the details.


5/1 ARM
The low initial rate is fixed for the first five years, then converts to a One Year ARM or Fixed Rate Mortgage. Other Adjustable Rate Mortgages are available. Your JGB Bank representative has all the details.

 
Equal Housing Lender
FDIC