Which mortgage is right for you?
Fixed or Adjustable Rate?

Know the differences so you can choose what's best for you.

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Lower initial interest rates offer a more manageable payment

Adjustable-rate mortgages, or ARMs, can save you money in the short term, giving you a few years to solidify your finances. First American Bank ARMs come with lower, stable interest rates for up to ten years. After that time, the rate can change semi-annually according to market conditions, in which case your monthly payments could change.
  • Competitive interest rates
  • Low closing costs
  • Loan terms limit semi-annual and long-term interest rate increases
  • Interest charges may be deductible (Consult your tax advisor)
  • Schedule automatic payments with Online and Mobile Banking
  • Mortgage refinancing options available
  • Call an Illinois, Wisconsin or Florida First American Bank mortgage loan officer, who will explain the details of an ARM loan
First American Bank is a full-service bank with locations in Illinois, Wisconsin and Florida.
Disclosures

Subject to credit approval. Standard rates apply. For additional product terms and conditions, please click here.