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commonly referred as the 30-Yr and 15-Yr mortgage
loan. The monthly mortgage payment and interest
rate are fixed — these amounts will never
change
more information
available
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interest-only payments on your mortgage
loan for the first five or seven years of
your 30-yr amortized loan. You can then
either refinance or begin amortized repayments
more information
available
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advertised as: $200,000 for $XXX/Month.
These plans are designed for homeowners who are looking at lower initial payments to start with the expectation to refinance their mortgage later on
more information
available
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ARM's adjust their rates up or down during
a given period. This means
that your monthly payment may go up or down
during your repayment period. ARMs are available
in 30-year and 15-year terms and are offered at lower rates
more information available |
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hybrid loans are a combination of fixed
rate and ARM loans. These loans attach a delayed
adjustment period during which the initial
period is fixed. Hybrids start out at fixed
rates loans, adjusting to ARM after a period of years
more information
available |
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your monthly payments are based on
any fixed term up to 30 or 15 years amortization.
At the end of the balloon period, your remaining
mortgage loan amount will be due
more information
available |
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the loan balance for jumbo loans are above
the maximum loan amounts established by Fannie
Mae and Freddie Mac — Jumbo loans are
used to buy large, expensive homes
more
information available |
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starts with a construction line to pay subcontractors
and suppliers; at the end of the construction
project, you will use a residential mortgage
to pay off the construction line
more information
available |
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interest only loans, 40-year mortgages,
100+ home buyer loans and more
more information
available |
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FHA government guaranteed loans, VA loan,
RHA loans and other government sponsored loans
for select markets
more information
available |
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mortgage loans for applicants whose credit
may be below standard conforming loans
more information
available |
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for home buyers who have little or no down payment
to begin their home mortgage application
more information
available |
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designed for homeowners who take an annuity
in their home value to supplement living expenses
more information
available |
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about other types of mortgage that may be
available through some lenders
more information
available |
