Wilmington, N.C.-based CMG Equities LLC has launched 5-Year-Arm.com, a website designed to help mortgage borrowers learn more about the pros and cons of five-year adjustable-rate mortgages (ARMs).
According to the company, the new website does not required consumers to sign up or provide personal information. The website will post interest rates that the company says are "the best available on the market," with side-by-side comparisons made between leading mortgage banks, lenders and brokers.
‘Our goal is for mortgage shoppers to make informed decisions,’ says Nat Criss, managing partner of CMG Equities. ‘Home buyers might not know they have options other than a 30-year fixed loan, and we aim to bring them information on some of these lesser utilized programs. They can then bring questions to their loan representative and explore what makes the most sense for their scenario.’