Buying a home can be stressful, but our experienced, successful Mortgage Team will be right there through the entire process to ease the stress.
NMLS ID#: 1321745 Office: 850-747-4287
Read Jillian's Bio
Thank you for considering me to guide you through your home financing journey! I am a licensed Mortgage Loan Originator in Panama City committed to providing the best customer service and exceeding your expectations of the mortgage process at every turn. From competitive rates to an on-time closing, I will be here to ensure confidence every step of the way.
I am the wife to an active-duty airman stationed at Tyndall AFB, I am the mother to 3 beautiful children and I am involved in our wonderful community here in Bay County. Originally from South Carolina, my husband and I moved to Panama City in 2014 and have had the honor of calling the panhandle our home for the last 10 years. When I’m not busy helping my members, I am spending time with my family at the ball field, at the island or doing some other activity outdoors. I have a passion for helping others which is why I truly enjoy my job as a mortgage loan originator. From assisting first-time home buyers to assisting our incoming military relocating to the panhandle to assisting those purchasing their forever home or an investment property, I understand how important the home buying process is.
Buying a home can be one of the most important investments that you make. I am dedicated to making the process a positive and rewarding experience for you, and I welcome the opportunity to earn your business and your trust.
Thank you so much for explaining things clearly. I appreciate how quickly you get back with us about information as well. Have a good day and thank you for all your help! This process has really been so smooth.
Mortgage Blogs
What is a 7-Year ARM?
Jan 4, 2023
What is a 7-year ARM?
A 7-year ARM is an adjustable rate mortgage, offering a lower fixed interest rate for seven years. You will have a fixed principle and interest payment for the first seven years of the term, then the rate can adjust based on the then-current market.
Why is a 7-year ARM popular with rising rates?
ARMs are popular when rates are rising. Taking out a mortgage loan with
a fixed lower rate, for an introductory period, helps make a home purchase more
affordable despite the environment.
What makes a 7-year ARM a good choice?
ARMs are particularly beneficial for buyers who plan to sell or refinance their home before the seven year fixed rate period ends. Should interest rates decrease in the future, you may be able to refinance your ARM into a lower fixed rate mortgage with no prepayment penalties.
How do 7-year ARMs compare to other mortgage rates?
7-year ARMs tend to have a lower initial interest rate than traditional
15-year or 30-year fixed-rate mortgages. After the initial seven years,
the interest rate can adjust according to the then current market rates. Most
7-year ARMs have a cap on how high, and how low, an interest rate can go. This will be outlined in the mortgage agreement.
What do I need to consider when shopping for a 7-year ARM?
Will you be maxing out your monthly budget with the 7-year initial rate?
Are mortgage interest rates rising now?
What is in the cap on the interest rate after the 7-year period is over?
How long do you plan to live in this home?
Can I refinance my current mortgage to a 7-year ARM?
If you have a 15-year or 30-year fixed rate mortgage, and plan on
selling your home within the next seven years, a 7-year ARM may be an excellent
choice for you. You may lower your payments until you sell your home.
A 7-year ARM can be an advantageous way to finance a home purchase, especially in a rising-rate environment.
