Stafford Financial & Insurance Services
2201 Main Street, Ste. 815
Dallas, TX 75201
Phone (214) 915-0324
Fax: (972) 314-9656
E-mail: info@staffordlends.com

Stafford Financial & Insurance Services
2201 Main Street, Ste. 815
Dallas, TX 75201
Phone (214) 915-0324
Fax: (972) 314-9656
E-mail: info@staffordlends.com

Toll Free: 866-915-0323

Toll Free: 866-915-0323

We Offer Lowest Rates/Fees  -  30 Year Fixed From 3.5% conventional or 3.375% VA/FHA,  20 Year Fixed 3.5%, 15 Year Fixed 2.75%, 5 Year ARM 2.375%, 7/1 ARM 2.75%, 5/1 Jumbo ARM 2.875%, 30 Yr Jumbos 3.875%, 15 YR Jumbos 3.375%. Purchases, Refinance and TX Cash-Outs.  $0 Fee Options @ Low Rates. Call 214-915-0324 For Same Day Custom Quotes On Mortgage Products.

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News when you need it. Know what is going on today in
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Trade Your ARM for a Fixed Rate

By switching to a fixed rate loan, you will not only reduce your payment, you will also likely lock in an attractive rate for as long as you own your home.

In fact, while one year ARMs currently offer tempting introductory rates, most experts recommend avoiding them, because you could easily find yourself facing sharply higher payments in the near future, even if interest rates don't rise. Why? Well, after the introductory rate expires, ARMs are typically pegged to the one year Treasury rate (recently 5.25%) plus 2.75 percentage points, with increases of as much as two points a year. Assuming interest rates don't change, you would pay 7.59% in the second year (the full two point increase) and 8% in the third year.

There are certain cases, however, where an ARM makes sense. If you are fairly certain you'll be moving within five years, you can save some money -- and avoid rising payments -- with a five year ARM. Such loans offer a fixed rate for five years and adjust annually thereafter.