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When you want to maximize your home purchasing power.
- ARMs offer a lower interest rate for an initial term of one to 10 years, and are adjusted annually after the initial fixed-rate period.
- Enable more purchasing power from lower monthly payments during the initial mortgage period.
- Mortgage rates carry a "cap" that limits the range in which an interest rate can be adjusted up or down once the initial fixed-rate portion of the loan term ends.
- NewAlliance offers adjustable-rate mortgages both for conventional and jumbo loans.
- Ask about our interest rate discount on selected loan programs when you have your monthly payment automatically deducted from a NewAlliance checking account.
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