Mortgage Loan Products


Summary Home Mortgage Loan Products
	Fixed Rate Mortgages 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	Adjustable Rate Mortgages 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.
	Interest Only Mortgage Loans interest-only payments on your mortgage loan for the first 5-7 years. You can then either refinance or begin amortized repayments for the remaining term.	Adjustable-Fixed Hybrids 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.
	Mortgage Loans with Zero Down for home buyers who have little or no down payment. These loans can be provided along with Private Mortgage Insurance	Government Sponsored Mortgages FHA government guaranteed loans, VA loan, RHA loans and other government sponsored loans for select markets. You must meet certain criteria to be approved for these loans.
	Balloons Mortgages your monthly payments are based on any fixed 30 or 15 year term. At the end of the balloon period, your remaining mortgage loan amount will be due.	Minimum Monthly Payment Plans Designed for homeowners who are looking at lower initial payments to start with the expectation to refinance their mortgage later on. Negative amortization possible.
	Jumbo Mortgages jumbo loans are above the maximum loan amounts established by Fannie Mae and Freddie Mac — Jumbo loans are used to buy large, expensive homes	Home Construction Loans 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
	Reversible Mortgages designed for homeowners who take an annuity in their home value to supplement living expenses. Must be at least 62 years of age to qualify	Sup-Prime Loans mortgage loans for applicants whose credit may be below standard conforming loans. These are referred as B, C and D Loans. Interest costs for these loans may be higher.
	Other Type Mortgages other type mortgages include pledge-assets, buy-downs, and graduated loans. You need to ask about these loans since some lenders don't service them.	What's New in Mortgage Loans interest only loans, 40-year mortgages, 100+ home buyer loans and more. These are loan variations that have become popular in high-priced real estate markets.

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