1st Utah Mortgage.com is locally owned and operated. 1st Utah Mortgage.com are the preferred mortgage brokers in all of Utah. As a licensed mortgage broker, we can offer the lowest interest rates on mortgages and home loans in Utah. We guarantee you the best terms for refinance loans, low down payment loans, first time homebuyer loans, debt consolidation and second mortgage loans.

Utah Loan Products - Standard ARMs and the Differences

An adjustable rate mortgage, or ARM, is a mortgage rate that adjusts with the current market rates. Although this may not be the safest way to go, it has a rate that is always two or three percent lower than a fixed rate mortgage. Within the adjustable rate mortgage you can choose specific types, such as choosing an mortgage rate that is fixed for a whole year, but the next year will adjust depending on the market conditions. It adjusts year to year, rather than month to month. A few other adjustable rate mortgage types are the CD's and the Treasury ARMs. The CD's, or certificate of deposit, has a maximum interest rate of one percent every six months, meaning that if the market raise two percent in six months, the CD will allow you to only go up one percent rather than two. The CD also reacts exactly with the market rates. The other type is the Treasury Average and Spot ARM. These work slower that the CD, therefore giving you time to react to the market. Ask you mortgage professionals at 1st Utah Mortgage .com for more information regarding mortgage types and various rates.

More Utah Loan Product Information:

• Fixed rate mortgages
  
• Adjustable rate mortgages
  
• Standard ARMs and the differences
  
• Reverse Mortgages
  
• Balloon Mortgages
  
• Interest rate buydowns
  
• Cost of funds index
  
• Graduated payment method
  

Utah Real Estate Information

• Salt Lake City
  
• Provo
  
• Park City
  
• Orem
  
• St. George
  
• Ogden
  
• Layton
  
• Logan
  
• West Valley City
  
• Brigham City