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Hybrid Loans

//Hybrid Loans Fixed / Adjustable Combinations

NJ Fixed / Adjustable Combinations (Hybrid Loans)

A Hybrid loan combines the best features of both the fixed and adjustable loan into one attractive loan program.

Benefits of a Hybrid Mortgage:

  • Initial fixed interest rate is below standard fixed rates
  • Interest rate is set for a specific period of time to allow for less market risk
  • Fixed term can be set to match financial goals

 

With a Hybrid loan, the interest rate is fixed for an agreed upon term and then adjusts yearly thereafter. For example, a 7/1 Hybrid loan is a 30 year loan, however, the interest rate is fixed for the next 7 years adjusting yearly thereafter.

This fixed/adjustable combination provides you with the benefit of knowing exactly what your payment will be for a “fixed” period of time and the” below market” interest rate advantage of an adjustable rate loan.

You might consider a hybrid loan if,

  • You plan on moving in the next 5 to 10 years
  • You only need the mortgage for a short period of time
  • Your income will be increasing substantially in the near future

 

American United offers Hybrid mortgages in 3/1, 5/1,7/1 and 10/1 fixed options. We also have a unique 30/15 option, where the interest rate is fixed at a below market rate for 15 of the next 30 years. Some Hybrid loans also come with an “interest only” feature.

In today’s market, Hybrid loans are a very popular choice!

Find out if a Hybrid Mortgage is right for you

Call or email a local American United Lending Professional today.

Contact us Today’s rates Get Pre-Approved

 

Other Loans you might be interested in:

  • Adjustable Rates Loans
  • Fixed Only Loans
  • Interest Only Loans
Mortgage options:
Fixed rate mortgages
Adjustable rate mortgages
Fixed / adjustable combinations
Jumbo mortgages
Interest only loans
Featured programs
Conventional - 3% down
FHA - 3.50% down
FHA 203K - rehab
NJ STATE FTHB PROGRAM
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American United
Mortgage Corporation

210 Haven Avenue
Scotch Plains, NJ 07076

Contact Us
info@americanunited.com
908.322.5535
908.935.0900

Licensed Mortgage Banker
NJ Department of Banking & Insurance
NJHMFA Approved Lending Institution
NMLS License # 75965

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