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We excel in providing you the absolute best mortgage possible. We offer a wide range of mortgage options and loan types to suit just about any financial or credit situation.
Please take a moment to look through the types of loans we can provide you with.
Fixed Rate Mortgages
Adjustable Rate Mortgages
Ballon Mortgages
First Time Buyer Loans
Stated Income Loans
No Point, No Fee Loans
Bad Credit / High Risk Credit Loans
Home Equity Lines of Credit
Home Equity Fixed Loans
Comparison of Loan Types
| Fixed Rate Mortgages |
| Advantages |
Disadvantages |
• Fixed monthly payments for life of loan
• Interest rate does not change
• Can refinance if rates go down
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• Usually has a higher interest rate
• Payments are usually higher
• Rate does not drop if interest rates drop
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| Adjustable Rate Mortgages |
| Advantages |
Disadvantages |
• Lower initial monthly payment
• Lower payment / shorter time period
• Payment may go down if rates improve
• May qualify for higher loan amounts
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• Higher risk
• Payments may rise if interest rates rise
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| Ballon Mortgages |
| Advantages |
Disadvantages |
• Lower initial monthly payment
• Lower payment / shorter time period
• Option to convert at end of term
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• Risk of higher rate at end of term
• Foreclosure risk if balloon payment unpaid
• Foreclosure risk if unable to refinance
• Foreclosure risk if unable to convert
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| First Time Buyer Loans |
| Advantages |
Disadvantages |
• Low down payments
• Flexible qualification criteria
• Possible lower rates
• Possible down payment assistance
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• Maybe subject to income limits
• Maybe subject to property limits
• Possible taxation for early resell
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| Stated Income Loans |
| Advantages |
Disadvantages |
• No income verification
• Faster approval time
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• Higher rates
• Higher payments
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| No Point, No Fee Loans |
| Advantages |
Disadvantages |
• No closing costs
• Less money required to close
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• Higher rates
• Higher payments
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| Bad Credit / High Risk Credit Loans |
| Advantages |
Disadvantages |
• Potential to re-establish credit
• May lower debt by consolidation
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• Higher rates
• Terms not as favorable
• Harder to get long term fixed rates
• Possible prepayment penalties
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| Home Equity Lines of Credit |
| Advantages |
Disadvantages |
• Borrow only what is needed
• Pay interest only on amount borrowed
• Flexible access to funds
• Interest may be tax deductible
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• Rates and payment can change
• Maximum rate is usually high
• Harder to refinance first mortgage
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| Home Equity Fixed Loans |
| Advantages |
Disadvantages |
• Fixed payments
• Interest may be tax deductible
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• Higher rates
• Higher payments
• Harder to refinance first mortgage
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