• Fixed Rate Loans—An excellent way to lock into a low interest rate for the life of your loan.
  • Adjustable Rate Mortgages (ARMs)—The flexible loan, with lower initial rates and payments.
  • Initial Fixed Rate Loan—Start with a rate generally lower than standard fixed rate loans.
30 Year Fixed Rate
Appropriate for borrowers who: Loan Parameters
Plan to live in the property over 10 years
Like total payment stability
Interest rate & monthly payment remain the same for 30 years
15 Year Fixed Rate
Appropriate for borrowers who: Loan Parameters
Plan on staying in property over 10-15 years
Want to pay off property faster than 30 years
Lower interest rate than 30 year loan
Interest rate & monthly payment remain the same for 15 years

 

10/1 Year semi-fixed
Appropriate for borrowers who: Loan Parameters
Plan to live in property approximately 10 to 12 years
Like initial payment stability; can accept interest rate change later
Interest rate & monthly payment fixed for the first 10 years
Starting the 11th year, interest rate adjusted every year, therefore, payment is subject to change every year for remainder of loan

 

7/1 Year semi-fixed rate
Appropriate for borrowers who: Loan Parameters
Plan to live in property approximately 7 to 8 years
Like initial payment stabilityand can handle change later
Interest rate & monthly payment fixed for the first 7 years
Starting the 8th year, interest rate adjusted every year, so payment is subject to change every year for remainder of the loan

 

Adjustable rate loans
Appropriate for borrowers who: Loan Parameters
Want to take advantage of lowest rate possible
Are willing to accept yearly payment changes OR
Cannot qualify at higher rate programs
Interest rate adjusted every year, so monthly payment is subject to change every year for entire 30 year loan term
Potential higher payments (at maximum interest rate)
Intrested? Apply Now!