Looking for low initial interest rates?
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5/1 Year ARM

Low initial interest rates that fluctuate after five years.

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Know where you stand so you can plan accordingly.

This hybrid mortgage offers a lower interest rate for the first five years, giving you peace of mind and dependability. After that, your interest rate and monthly payment may rise, making it important to consult with 55places Mortgage's experts who can help you to understand if this is the right option for you.

Why 55places Mortgage

Understand Your Needs

We understand that purchasing a home is one of the largest investments most people will make in their lifetime. On top of that, a move to an active adult or retirement community often means getting a home that you intend to stay in for many years, maybe even for the rest of your life. We know you want to do right.

Low Rates

55places Mortgage has partnered with Retirement Funding Solutions to make sure we can provide you with the lowest rates possible without sacrificing integrity and diligence.

Top Customer Service

We at 55places Mortgage understand that with such a substantial investment comes a vast amount of research and questions. No one will devote as much time to helping you buy your next home. We will do our best to present you with all the information so YOU can decide which mortgage is right for you.

Monthly Payment Options

$350,000
62
The 62+ LoanCash30-Year Fixed Mortgage15-Year Fixed Mortgage5/1 Year ARM
Down Payment$193,000$350,000$70,000 (20%)$70,000 (20%)$1,773
Mortgage Payment$0/month$0/month$1,879/month$2,768/month$1,773/month
Interest Rate5%N/A5%5%4.5%
APR
(Annual Percentage Rate)
5.210%N/A5.210%5.210%4.703%
Yearly Cost$0/year$0/year$22,547/year$33,213/year$21,281/year
Own the Home
Extra Cash in Your Pocket
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APR (Annual Percentage Rate) based on a fixed rate HECM with a 5% interest rate as of 2019-8-15
The prices and percentages provided are for estimating purposes only. Consult with a mortgage expert to determine precise payment requirements.

Start living the life you've always imagined.

Contact us for a free, no-obligation consultation.

Which loan option are you interested in?

5/1 Year Adjustable Rate