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620 NewPort Center Drive, Suite 1100
NewPort Beach, CA 92660
Toll Free: 888-801-3000
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Home arrow Loan Glossary
Loan Glossary

3

3/1 ARM Loan
This 30-year mortgage offers a fixed interest rate for the first 3 years and then turns into a 1 Year Adjustable Rate Mortgage for the remaining 27 years of the loan.
3/27 Home Loan
A type of adjustable-rate mortgage (ARM) frequently offered to subprime borrowers. These mortgages are designed as short-term financing vehicles that give borrowers time to repair their credit until they are able to refinance into a mortgage with more favorable terms.
Today's Rate
4.625%
Fixed Rate
* 4.881% APR. The displayed annual percentage rates (APRs) include total Points and additional prepaid finance charges but do not include other Closing Costs. On adjustable-rate loans, rates are subject to increase over the life of the Loan.
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