We Lowered Our Adjustable Mortgage Rates

The many benefits of owning your own home are legendary: tax deductions for mortgage payments (consult your tax advisor). . . the most solid hedge against inflation. . .and the opportunity to build equity over the years. . .are just a few. Homeownership is the American Dream. But unlocking that dream can be daunting these days.

Still, it does not have to be out of reach. The key is to get a mortgage that makes a new home fit into your budget from the start.

That’s where LA Financial comes in. Our always-superior home loans just got even better! Case in point: As of September 2nd, the rate on our most popular mortgage — the 5/1 Adjustable Rate Mortgage (ARM) — has been lowered. The new rate is just 2.889% APR*, fixed for 5 years (as the name implies), and adjusted thereafter for the remainder of the 30-year term. Amortized comfortably over the 30 years, this loan is designed to be affordable. At 2.889%APR, you pay only $415 per $100,000 borrowed. But the new super-low rate is not the only reason why our 5/1 ARM is super-desirable. Like our other conforming Adjustable Rate Mortgages — the 3/1, 7/1 and 10/1 ARM — this special loan features:

• NO points

• NO PMI (Private Mortgage Insurance)

• PLUS, amounts as high as 90% loan-to-value.

In short, your out-of-pocket costs are kept to a minimum.

Of course, we also offer all manner of First and Second Trust Deeds, including fixed-rate home loans, Conforming Loans (up to $417,000) and Super-Conforming Loans (up to $625,500), and terms of 10, 15, 20 and 30 years.

To find out what loan best suits your needs, visit our website at www.lafinancial.org or contact a Real Estate Representative at 800.894.1200 for more information and a rate quote. You can also apply online, at your convenience.

* For a $417,000 5/1 ARM loan for 30 years at an initial interest rate of 2.875%, the APR is 2.889%. A 5/1 ARM loan has a fixed interest rate for the first 5 years. After 5 years, the rate can change once every year for the remaining life of the adjustable-rate mortgage.  When the rate changes, the monthly payments will increase if rates go up and decrease if rates fall. Rate changes can occur annually according to the market index. For ARM interest rates, at adjustment, the new mortgage rate will be the weekly average yield on United States Treasury Securities adjusted to a constant maturity of 1 year, as made available by the Federal Reserve Board, plus a margin of 2.750% subject to annual and lifetime adjustment caps. Interest rate and APR is based on current market rates, for properties located in the states of California and Arizona. These rates are not guaranteed, are current as of 9/23/14, are subject to change without notice and may be subject to pricing add-ons related to property type, loan-to- value, credit score, occupancy type, and other variables. Monthly payment does not include taxes or insurance so the actual monthly cost may be greater. Call for details. This is not a credit decision or a commitment to lend.