Understanding Your Mortgage Options

The traditional 30-year fixed-rate mortgage offers long-term stability with an interest rate and monthly payment that never change. If you plan to stay in your home for seven years or more, this option provides peace of mind and predictable payments.

However, if you expect to move or refinance sooner, a Hybrid ARM (Adjustable Rate Mortgage) could still be a smart alternative since it often starts with a lower initial rate.

In today’s market—where fixed rates have come down—many homeowners are choosing to lock in a low fixed rate and enjoy steady, predictable payments for years to come.

15 Year Fixed Rate Mortgage

This Is a Fully Amortized Loan Just Like The 30 Year Fixed Mortgage Except That Is Payed Off In 15 Years. You’ll Find Rates Lower Than The 30 Y ear Loan, But Your Payment Will Be Higher Due To The Loan Term Being Only 15 Years. However You'll Own Your Home In 15 Years.

FHA Government Insured Mortgage

FHA Loans Are Insured By The Federal Government To Accommodate Those Borrowers Whose Credit Is Less Than Stellar And Who Perhaps Have Less Saved For a Down Payment. The FHA Loan Program Allows Credit Scores As Low As 580 (with certain restrictions) And Down Payments As Low as 3.5%, Ideal For a First Time Homebuyer.

FHA Loans Also Offer Many Benefits To Homeowners Who Want To Refinance Their Already Existing Home Loan For a Better Rate Or Term, Or To Take some Cash Out Of Their Equity.

VA Government Insured Mortgage

There Is High Demand For Veteran’s Affairs Mortgages Also Known As VA Loans. There Is a Zero Down Payment Requirement, No Limit on Loan Amount, and No Mortgage Insurance is Needed, As Required In FHA and Conventional Loans With Less Than 20% Down Payment. The Benefits Translate Into Significant Advantages For VA Borrowers.

HELOC's

10, 20, and 30 Year Amortization

BANK STATEMENTS

No Pay Stubs;   No Tax Returns;