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North Carolina & South Carolina
Real Estate Mortgage
Adjustable Rate Loan
Cities We Serve
Your VanDyk Mortgage is here to help you when you decide to Purchase a Home or Refinance a Mortgage. Whether in person or online, we close loans in 36 states all over the U.S. seamlessly and easily. We have a wide selection of REAL ESTATE MORTGAGE HOME LOAN PROGRAMS. You can trust us to find the REAL ESTATE MORTGAGE HOME LOAN PROGRAM that's best for you. We have been assisting people like you all over the US focusing primarily on North Carolina and South Carolina for years. We have assisted people in the following cities and states to reach their dreams: Winston Salem, NC--Forsyth County, Kernersville, NC--Forsyth County, Mocksville, NC--Davie County, Greensboro, NC--Guilford County, Germanton, NC—Stokes/Forsyth County, Rural Hall, NC—Forsyth County, King, NC--Stokes/Forsyth County, Mt Airy, NC--Surry County, Raleigh, NC--Wake County, Burlington, NC--Alamance County, Statesville, NC--Iredell County, Wilkesboro, NC--Wilkes County, North Wilkesboro, NC--Wilkes County, Elkin, NC--Surry/Yadkin County, Advance, NC--Davie County, Clemmons, NC--Forsyth County, Lexington, NC--Davidson County, Cary, N.C.--Wake/Chatham County, Chapel Hill N.C.--Orange County, Huntersville, NC-- Mecklenburg County, Monroe, NC--Union County, Mooresville, NC--Iredell County, Charlotte, NC--Mecklenburg County, Matthews, NC--Mecklenburg County, Waxhaw, NC--Union County, Myrtle Beach, SC, Columbia, SC, Charleston, SC several cities in California and Florida to name a few. VanDyk Mortgage, Inc. has branches is most all states in the US, this allows us to lend almost anywhere in the U.S.
Getting Started
If you use this product to get started with a lower payment for a short period of time then this loan product can work for you. You must however be ready to refiance when the rate is ready to change. If you cannot do so then it would be in your best interest to get a fixed rate Home Loan. Premier Mortgage has many programs to help you refinance when you are ready to do so.
The best of both worlds
Today homebuyers are in a unique position to combine the benefits of a fixed rate mortgage with the savings opportunities of an adjustable rate mortgage.With a hybrid loan (also called a fixed-period ARM or hybrid ARM) you get the best of both worlds.
A hybrid loan gives you a fixed rate term, usually three, five, seven or ten years, with adjustable rates thereafter.These loans are typically expressed as a 3/1, 5/1, 7/1 or 10/1 ARM. The first number represents the number of years the rates are fixed. The second number indicates the adjustment interval (how often the interest rate will change). For a 7/1 loan, the fixed period is seven years with annual interest rate adjustments thereafter.
The advantage of a hybrid loan is that it gives you a lower fixed rate mortgage than you’ll typically receive with a 30 year mortgage. This is often an attractive loan choice for borrowers who expect to be selling their home within the first 10 years. You’ll get the advantage of a lower fixed rate while you’re living in the home. And if your plans remain steady, the adjustable rate wouldn’t be due until after you plan to move.
Hybrid loans are also an attractive loan choice for borrowers who want an ARM, but feel the need for added interest rate protection during their first years in the home.
Whether you plan to move within 10 years or you’d like the added rate protection a hybrid loan affords, we’ll be glad to help you find the best loan program to meet your needs. We look forward to helping you!
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