Personal Finance News

The Leading source to find and compare banks for mortgage, CDs, car loan

and insurance rates locally and nationwide!

Mortgage

PenFed 15/15 ARM

By | Leave a Comment

Pen Fed's 15/15 ARM is a unique product. Although technically an adjustable rate mortgage, it adjusts only once during the life of the loan, and at the year 15 mark. With rates lower than a 30 year fixed, it is viable option for those who want a 30 year amortization and are willing to take the moderate risk of a one time adjustment 15 years from now, if they are still in the home or have not refinanced.

Compare banks for mortgage, auto, savings and CD rates. Browse bank rates. Search locally or nationally for the best finance rates.
Search locally or nationally
Compare banks for mortgage, auto, savings and CD rates.