At Provident Partners our mortgage professional will ask you specific questions to determine what loan program best fits your needs. It is important for you to understand the advantages and disadvantages of each program.
| How Long Will You be in the Home? | Recommended Loan Program |
| 1 to 3 Years | 3/1 ARM |
| 3 to 5 Years | 5/1 ARM |
| 5 to 7 Years | 7/1 ARM |
| 10+ Years | 30 year fixed or 15 year fixed |
Currently with rates so low, a long term (30 year fixed) product is the right choice versus any ARM product.
