5-Year Fixed Adjustable Rate Mortgage Jumbo
	The 5-Year is a great choice if you plan on staying in your home for five years or less. It's also a great choice if you think rates will decline in the future. With the 5-Year ARM, the initial interest rate is fixed for five years and is often considerably lower than a fixed-rate loan with a comparable repayment schedule.
	Jumbo Loan Facts The maximum loan amount for conforming loans is $252,700. Loan amounts above this limit are referred to as non-conforming or Jumbo loans. Unlike the conforming loans the maximum loan amount for Jumbo loans is partially determined by the loan amount as a percentage of the property value (referred as loan-to-value or LTV). You can always make additional principal payments at any time without penalty.
	5-Year Fixed ARM Facts This loan has a 30-year term. The interest rate is fixed for the first five years then automatically converts to a one-year adjustable rate loan. The interest rate will adjust annually thereafter. You can request a complete disclosure from your Home Loan Advisor.
	5-Year Adjustable Rate Mortgage
	Loan Purpose	Can This Loan Be Used?	Largest Loan Amount	Minimum Equity  after loan is closed
	Buying a home   Standard Refinance   Refinance cash out	Yes Yes Yes	$300,000 $400,000 $650,000 $400,000 $650,000	5% 10% 20% 25% 30%