Loans

Fixed Rate Mortgage

Interest Rate/payment fixed for the life of the loan

Benefits:

•     Protected from rising rates/payments
•     Ideal for borrowers staying in the home long term

ADJUSTABLE RATE MORTGAGE (ARM)

Interest Rate fixed for initial period, rate then becomes adjustable per the terms of the loan and market conditions

Benefits:

•     Lower initial rates
•     Ideal for borrowers that plan to sell/refinance in the near future
•     Ideal for investors looking to increase cash flow

INTEREST ONLY

Initial term of interest only payments. Additional payments towards principle can be made at any time

Benefits:

•     Lower initial rates

FHA

Government backed minimum down financing product with greater leeway as compared to conventional products

Benefits:

•     As little as 3.5% down

VA

Mortgage loan (fixed or adjustable) that is guarenteed by the U.S. Dept. of Veteran's Affairs. Available to Veterans or their surviving spouse (provided they are not remarried)

Benefits:

•     Financing with as little as 0% down
•     Competitive rates/products
•     Assumable (to qualifying applicants)

HOME EQUITY LINE OF CREDIT (HELOC)

An adjustable credit line that is tied to the equity in your home equity can be drawn at closing or at your convenience over the life of the loan

Benefits:

•     Great way to access the equity in your home
•     Flexible and Convenient