Fixed Rate Mortgages (FRM)
By far the most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.
Adjustable Rate Mortgages (ARM)
Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. Typically, these loans carry a fixed-interest rate for a set period of time before adjusting..
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment. FHA is a great loan to get you into your first home. However, it has a lifetime mortgage insurance. So, our goal is to get you out of this loan as soon as possible after your purchase is complete. (within 2 years).
I love VA loans. Thank you Veterans for your service to our great Country. VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no down payment requirement. This program was designed to help military veterans realize the American dream of home ownership.
Reverse Mortgages allow senior homeowners to convert a portion of their home equity into cash while still living in the home for the rest of their life with NO MORTGAGE PAYMENT! This is not for everybody, but, in the right situation, they can be a lifesaver. Can be used to refinance your existing home even if you still owe money on it or can be used to purchase a new home. I love Reverse Mortgages, let's chat ot see if a Reverse Mortgage may be right for you.
Private Money Loans
We also offer Private Money loans for clients who just do not fit the traditional underwriteing guidelines. If you have had a life situation happen, gone bankrupt, loss of job, suffered a divirce, or if you are self employed and have a difficult time proving income but can put 20% or more down, this might be a good option for you.
What kind of loan program is best for you?
Should you get a fixed-rate or adjustable rate mortgage? A conventional loan or a government loan? Deciding which mortgage product is best for you will depend largely on your unique circumstances, and there is no one correct answer. My goal is to work as your trusted advisor to give you your options, then let you decide. No pressure, no pet loan that we are promoting. Just honest advise on what is best for you, not what makes me the most money.