| First Time Home Buyer
with Down Payment Assistance |
For the First Time Home Buyer these
mortgage loans are available to those who can qualify. This type of loan is made
available to us from various Housing Authorities which enables us to offer low interest
rates with little or no down payment. |
| Refinance |
If you have a loan with us or any other
Mortgage Company at a higher rate than today's interest rate, we
can refinance your loan at a lower rate. |
| Conventional |
These loans feature fixed interest rates
and are available with extended repayment terms. A minimum down payment of 5% of the
home's purchase price is required. |
| FHA |
FHA provides home financing for people
with smaller down payments. |
| VA |
The Veterans Administration created these
mortgage loans to help qualified veterans finance homes with 100% financing. |
| ARM |
Adjustable-rate mortgages, also known as
variable-rate mortgages, usually offer a lower initial interest rate than fixed-rate
mortgages. The interest rate fluctuates over the life of the loan based on market
conditions, but the loan agreement generally sets maximum and minimum rates with caps.
When interest rates rise, generally so do your loan payments; and when interest rates
fall, your monthly payments may be lowered. |
