MORTGAGE

There isn't a single or simple answer to this question. The right type of mortgage financing for you depends on many different factors:
• Your current financial picture
• How you expect your finances to change
• How long you intend to keep your property
• How comfortable you are with your mortgage payment changing
The right type of mortgage financing for you depends on many different factors. Below are several mortgage financing options available to home buyers.

Conventional and Jumbo Loans

Conventional mortgage financing loans are secured by government sponsored entities or GSE's providing house financing such as Fannie Mae and Freddie Mac.

Subprime Mortgage Loans

Mortgage financing programs for those that have less than perfect credit.

FHA Mortgages

Mortgage programs that help low and moderate income families become homeowners by lowering some of the costs of their mortgage loan.

VA Mortgages

Mortgage financing programs available to those who qualify by military service.

Fixed Rate Mortgages

A financing program where your monthly principal and interest payments never change.

Second Mortgages

Second Mortgages and Home Equity Lines of Credit. Mortgage financing and loan programs to take advantage of the equity in your home.

Adjustable Rate Mortgages (ARMs)

These house financing loans generally begin with an interest rate that is 2-3 percent below a comparable fixed rate mortgage, and could allow you to buy a more expensive home.

Introductory Rate ARMs

Introductory Rate ARMs (Adjsutable Rate Mortgages). Most adjustable rate mortgage financing loans (ARMs) have a low introductory rate or start rate, some times as much as 5% below the current market rate of a fixed loan.

Standard ARMs and the Differences

Various types of adjustable rate mortgages.

LIBOR Index

This index is used to determine the interest rate for some types of ARMs.

Balloon Mortgage Financing

Balloon mortgage loans are short term mortgages that have some features of a fixed rate mortgage financing.

Graduated Payment Mortgages (GPMs)

The GPM is an alternative to the conventional adjustable rate mortgage, and has a fixed note rate and mortgage payment schedule.

Interest Rate Buydowns

The most common buy down is the 2-1 buy down. In the past, for a buyer to secure a 2-1 buy down they would pay 3 points above current market points in order to pay a below market interest rate during the first two years of the mortgage. At the end of the two years they would then pay the old market rate for the remaining term of mortgage financing.

Commercial Mortgage Financing

Mortgage Financing programs for commercial and investment properties.

Reverse Mortgages

A reverse mortgage financing is a special type of loan made to older homeowners to enable them to convert the equity in their home into cash.

To get started now and get approved for mortgage financing please click here and fill out our mortgage financing application form. This will take only a minute and our certified mortgage finanign specialist will contact you to discuss options available to you.

Please click here to continue.