Alaska Mortgages

Interest rates are remaining at all time lows, so it is a great time to obtain a new Alaska mortgage or an Alaska refinance loan. Alaska Adjustable Rate Mortgages (ARMs) are currently extremely popular loan options. Alaska adjustable rate mortgage (ARM) products typically offer lower introductory interest rates than Alaska fixed rate mortgages. Alaska ARM loans offer an introductory interest rate for a specified fixed period of time, and then adjusts periodically thereafter. For example, one type of Alaska adjustable rate mortgage (ARM) is a 3/1 ARM. The intitial interest rate is fixed for the first three years of the loan, and then adjusts annually thereafter. An Alaska ARM loan is perfect for investment purposes or for homeowners planning to stay in their homes for a short period of time. These Alaska Mortgages are not typically recommended for the long term due to the volatility of the market and the ability to flucuate over time.

Many Alaska residents are opting for Alaska interest only mortgages, especially in areas that are experiencing high appreciation rates. Alaska interest only mortgages offer some of the lowest interest rates available, and many offer options for paying your monthly mortgage. The Alaska 1% Pay Option ARM offers four monthly payment options. Borrowers are able to choose the payment option that fits best with their budget for each particular month. The Alaska 1% Pay Option ARM is popular with commission based borrowers who have unpredictable income or those who receive bonuses periodically. Call 1-877-673-3282 today to speak to a representative about your options for an Alaska mortgage.