Premier Mortgage of Rochester is a Rochester, Minnesota Residential Home Bridge Loan company. They offer Fixed Rate Mortgages, Adjustable Rate Mortgages, Hybrid ARMs, 3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM, FHA Loans, VA Home Loans and Interest Only Mortgages.

They also clearly explain the advantages and disadvantages of ARM loans, including the components: index, margin, initial interest, note rate, adjustment period, interest rate caps, negative amortization, convertibility and carryover. They also explain the indexes used to rate ARMs – six-month CDs, 1-year T-Bill, 3-year T-Note, 5-year T-Note, Prime, 12 Moving Average of 1-year T-Bill, Cost of Funds Index – National, Cost of Funds Index – 11th District, LIBOR and National Average Contract Mortgage Rate.