Refinance to a Fixed Rate
Adjustable Rate Mortgages (ARMs) can be a great option for some home owners, but it’s important to know when an ARM will work for you and when it may work against you. A PNC Mortgage pro can answer your questions quickly and accurately. If it’s time for you to make a change, let PNC Mortgage help you evaluate your options to refinance to a fixed rate mortgage.
Consider these great loan options:
30-year Fixed Rate Mortgage With a fixed rate and payment for the next 30 years, you’ll never be faced with a payment increase. If you’ve experienced rate and payment jumps from an ARM, a fixed rate can be your new best friend. Diverse loan terms are also available, from 10- to 40-years. If you’re ready to make the switch, make sure it’s the right one.
FHA Mortgage
With higher maximum loan amounts, flexible credit and income requirements, and the ability to borrow up to 95% of the value of your home - an FHA mortgage may be just what you're looking for. Both fixed and adjustable rates are available for buying or refinancing a home.
Interest-only Fixed Rate Mortgage An interest-only loan with a fixed rate gives security against rising rates, frees up monthly cash flow, and can even give you cash out if you need it. With the option to make payments of interest only for the first 10 years, this may be the answer you’ve been looking for.
VA Mortgage Flexible credit guidelines, great rates and the ability to borrower up to 100% of the value of a home makes the VA loan one of the best mortgages on the market. PNC Mortgage is proud to help veterans take advantage of this great benefit.