Thank you for considering me to guide you through your home financing journey! I am a licensed Mortgage Loan Originator in Panama City, FL 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 originally from England and I have been living in the State of FL for 11 years now, I quickly fell in love with the area and the people. As a military child, I moved around a lot to many different places, and I am glad that this is where I ended up. The FL weather allows me to ride my motorcycle as much as I like, spontaneous rides to the beach or downtown are one of my favorite things to do, especially when it results in discovering a new and unique place to eat! My wife and I have three wonderful children, two boys, and one girl. Taking trips to new and exciting places, watching the kids participate in sports, or even being piled up on the couch watching movies all day are all things we thoroughly enjoy doing together.
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 Matthew for your efforts and encouragement in arranging our transaction. Your professional manner was much appreciated by both of us.
I just want to take a quick moment to say thank you for helping us with our refi effort …I have been through a number of closings having bought and sold houses and condos in the past. But, this one stands out as one of the most efficient I have experienced to date. Thanks again and please pass on our thanks to the rest of the team.
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.
