5/5 Adjustable Rate Mortgage
Enhance Your Buying Power with a 5/5 Adjustable Rate Mortgage
If you'd like to keep your monthly mortgage payments as affordable as possible while getting protection from rising interest rates, the Burke & Herbert Bank 5/5 Adjustable Rate Mortgage might be just what you're looking for.
Our "5/5 ARM" starts with a lower rate compared to a traditional fixed rate loan, so it can be a much more affordable option, especially in the first 5-to-10 years. Be sure to consider this option if you expect to be in your home less than 10 years. Also consider paying up-front points to lower your interest rate.
• Low initial interest rate
• Initial rate fixed for five years, and adjusts just once every five years
• Maximum 2% rate increase per adjustment
• Maximum 5% lifetime adjustment cap
• Available for primary residences and second homes
Don't wait to take advantage of this special program. To apply, or to learn more, call 703-684-1655 or visit your nearest branch to make an appointment with a Mortgage Loan Officer.