Conventional Loans

Fixed-rate mortgage
With a fixed-rate mortgage, the monthly principal remains the same throughout the entire life of the loan. While rates are higher than those of Adjustable-rate mortgages, they are more predictable. Terms available: 10, 15, 20 and 30 years. You should consider a fixed-rate mortgage if you would like the certainty of a fixed principal and interest payment, need to work with a fixed budget, or feel rates are likely to raise.

Adjustable-rate mortgage (ARM)
What is an Adjustable-rate mortgage (ARM)?
• An ARM usually offers a lower initial interest rate and payment than a fixed mortgage, so borrowers may qualify for a higher loan amount.
• Your mortgage payment can go u or down based on economic influences.
• Adjustment periods vary depending on which product you choose.

Interest Only Loans
With an Interest Only loan, you could pay just the interest for the first 10 or 15 years! That means a lower monthly payment, which means you could qualify for a larger loan amount!

The Interest Only loan features:
• As little as 5% down
• High loan amounts
• Available for purchases, refinances, even cashout

When you’re looking to lower your payment, yet qualify for the largest loan possible, think Interest Only!

Contact us at our location nearest you for more information.