You'll pay a flat monthly amount which covers principle and interest by
a fixed due date each month.
To simplify budgeting and planning, our loans come with
a fixed due date each month and a variety of payment options:
You also have
a fixed due date each month that makes planning for your bill predictable.
Not exact matches
• Have no more than one payment in the last 12
months more than 30 days past the
due date and no such payments within the past six
months • Make sure the new monthly payment will be lower than your current one or you're refinancing out of an ARM or hybrid into a
fixed • Be refinancing from an existing VA loan into another • Take no cash out
Option Power ARMs is a Flagstar Bank's product — adjustable - rate mortgage loan with annual payment adjustments and monthly interest rate adjustments after an initial
fixed - rate period of three
months (initial rate adjustment
date = the third payment
due date).
Round up your January statements, pop open your checking account and arrange to have
fixed expenses debitted by the
due date each
month.