Fixed Rate
Mortgages |
30 Year Fixed
20 Year Fixed
15 Year Fixed
10 Year Fixed |
The monthly payment is fixed and the rate is protected
against interest and monthly payment increases. |
Interest
Only
Mortgages
|
10/25 |
Interest only payments allow you to pay the minimum payment or as
much as you want to pay towards the principle. With this program you
can pay a substantial amount of principle in a short period of time. |
| Adjustable Rate Mortgages |
10/1 ARM
7/1 ARM
5/1 ARM
3/1 ARM |
Adjustable rate mortgage allows a lower initial
monthly payment. Rates are fixed for a period of time and then adjusted.
(Great if you are only going to stay in your home for a certain
period of time.) |
Private Investor Mortgages
|
Interest Only
Construction Loans
Fixed Rate Mortgages |
Private investor loans close quickly, and require
less documentation. |
| Stated Income/ Asset Mortgage |
30 Year Fixed
20 Year Fixed
15 Year Fixed
Interest Only |
This is a program that will not require you to
show proof of income or assets. This program will also give you fast
approval. (Great for a self-employed borrower.) |
Home Equity Line of Credit |
Interest Only
Fixed Payments |
A home equity line of credit is typically a second
mortgage. A borrower is using the equity out of their home for debt
consolidation, purchase automobiles, and home remodeling. Interest
paid on this loan is tax deductible. |