|
MORTGAGES
Two of the most critical elements in a successful investment is buying at the right price and financing with the right terms. We can help you with your real estate financing and mortgage banking needs.
Mortgage Banking
We are licensed mortgage brokers and can provide help with:
- Residential Mortgages
- Commercial Mortgages
- Purchase and Refinancing
- Foreign National's Loans
Types of Loans to Consider:
- Fixed Rate Mortgages
The most common type of mortgage program where your monthly payments for interest and principal never change.
- Adjustable Rate Mortgages (ARM)
These loans begin with an interest rate that is lower than a comparable fixed rate mortgage, but the rate changes at specified intervals.
- Standard ARMS and the Differences
Choosing an ARM with an index that reacts quickly lets you take full advantage of falling interest rates.
- Introductory Rate ARM's
Most ARM's have a low introductory rate, which is good anywhere from 1 month to as long as 10 years.
- Reverse Mortgages
A Special type of loan made to older homeowners to enable them to convert the equity in their home to cash to finance other needs.
- London Inter Bank Offered Rate (LIBOR)
LIBOR is the interest rate on dollar-denominated deposits, also know as Eurodollars, traded between banks in London.
- Balloon Mortgages
Short term mortgages that have some features of a fixed rate mortgage.
|
|