These increasingly popular Hybrid Adjustable Rate Mortgages (ARMs)[cite::57::cite] — also called 3/1, 5/1, 7/1 or 10/1 — can offer the best of both worlds: lower interest rates and a fixed payment for a longer period of time than most adjustable rate loans. For example, a "7/1 loan" has a fixed monthly payment and interest for the first seven years and then turns into a traditional adjustable-rate loan, based on then-current rates for the remaining period. It provides considerable peace of mind with an interest rate that is more competitive than 30-year fixed rate loans.

Lower your monthly payment by banking with CB&T. Reduce your rate by 1/8% (0.125%) with automatic repayment of your mortgage loan from a CB&T deposit account. A relationship pricing discount also is available. Ask for details.