All California Mortgage

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Since 1992, All California Mortgage has provided quality service in every area of mortgage lending. From purchase to refinance to construction and commercial lending, we have access to a full range of mortgage sources. Our lending specialists are dedicated to finding you the right loan-with great rates, terms and costs to meet your unique needs. 

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© 2017 All California Mortgage, a division of American Pacific Mortgage Corporation  NMLS #1850 / BRE #01215943
17 E. Sir Francis Drake Blvd., Suite 200, Larkspur, CA 94939     (800) 371-4545   inquire@allcalifornia.com 
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Hybrid Mortgage

A hybrid mortgage, also called a fixed-period ARM, combines features of both fixed-rate and adjustable-rate mortgages. A hybrid loan starts out with an interest rate that is fixed for a period of years (usually 3, 5, 7 or 10 years), and is typically amortized over 30 or 40 years. After the fixed rate term ends, the loan converts to an adjustable rate mortgagge for the remaining term.  

The appeal of a hybrid mortgage is that the initial fixed rate is considerably lower than the rate on a mortgage that's fixed for a full 30 years; the shorter the initial fixed period, the lower the initial interest rate. This type of mortgage may be prudent for borrowers who prefer the security of a fixed interest rate but also believe they will not hold the subject loan for its entire term. Rather than pay the higher rate associated with a full 30 year fixed rate loan they can choose a hybrid mortgage with a fixed term that closely matches the amount of years that they expect to keep the loan.

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© 2015 American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply.

  ©  2017  All California Mortgage
a division of American Pacific Mortgage Corporation - NMLS #1850 / BRE #01215943
17
E. Sir Francis Drake Blvd., Suite 200, Larkspur, CA 94939     (800) 371-4545      inquire@allcalifornia.com
Licensed by the Department of Business Oversight under the California Residential Mortgage Act     Disclaimer  |  Privacy Policy