Looking for a new house? Or
just want to refinance your existing one? Republic Bank of
Chicago has the loan for you! We offer several exciting Adjustable Rate Mortgages -
3/1, 5/1, 7/1
and 10/1 ARM. Which one is right for you? Not only are
our rates good, you no longer have to make payments by automatic
debit to get the best rates!
Our 10/1
ARM is a 30-year mortgage that offers a low rate of
7.000% and an APR (annual percentage rate) of 6.251%* that is locked in for 10 years. After that, it can
only be adjusted once a year. This loan is ideal if you want
to lock in a low rate for a long period.
We have a 7/1
ARM, which is a 30-year mortgage with a 6.750% rate and
a low APR of 5.726%*. This low rate is locked in for 7 years, and after
that can only be adjusted once a year.
Our 5/1
ARM is a 30-year mortgage with a rate of 6.500% and an APR of
5.332%*. Like our 10/1 ARM product, after
the initial five-year period, rates can only be adjusted once a
year.
Our 3/1
ARM is a 30-year mortgage with the lowest rate we offer
6.250% and an APR of 4.988%*. Like all of our ARM
products, after the initial fixed period (in this case, 3 years), rates can only be adjusted once a year.
It's our new approach to banking
that provides new ideas, new expectations, and new rewards for our
customers. Come visit your local Branch for
personal assistance or click below to get more information on any of
our ARM
or other loan products!
*on a loan of $100,000-Payment shown reflects
rate for fixed period.
