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LOAN PROGRAMS

Construction and Bridge Loans - Need a loan for building a custom home?

Debt Consolidation - Lower your monthly payments.

FHA & VA Loans - Want more information on government loans?

First Time Buyers - First time buying? We have a program for you!

Refinance - Planning to refinance your home loan?

Purchase Loans - Looking forward to purchasing a home?

Second Mortgages - Need to pull out another mortgage?

No Down Payment - Put zero down on a home.

LOAN PRODUCTS

100% Financing Loan - No down payment for borrowers with good credit.

Adjustable Rate Mortgages (ARM) - About ARM interest rates fluctuating

Balloon Mortgages - Allows low monthly payments and interest rates.

Fixed Rate Mortgages - Lock into a guaranteed rate.

Full Doc and Stated Income - This type of loan usually offers low rates.

Introductory Rate ARMs - More information on ARMs.

Reverse Mortgages - This converts equity into cash.

Types of Standard ARMs

REACH US AT:

Toll Free: 800.400.4863
Main Telephone: 949.797.9188
Fax: 949.797.9189
License #00954296
Email: [email protected]
 

 

Fixed Rate vs. Adjustable Rate

 

 

Compare the benefits and risks of fixed and adjustable rates

Fixed Rate

Adjustable Rate

Benefits
  • Your interest rate stays the same for the entire life of your mortgage.
  • You know the amount of your monthly payments.

  • Your start rate is usually lower than the interest rate on a Fixed Rate mortgage.
  • Your interest rate may decrease or stay the same when it's adjusted.

Risks
  • Your interest rate is usually higher than the start rate on an Adjustable Rate mortgage.
  • The interest rate stays the same for the entire life of the mortgage, even if market interest rates decline.
  • If the index increases, your interest rate and monthly payment will increase. There are limits on how much your rate can increase or decrease at each adjustment and over the life of the mortgage.
  • If your start rate is less than the fully indexed rate, your interest rate and monthly payment may increase significantly at the first adjustment -even if the Index does not change. Your interest rate and monthly payment will increase even more if the Index rises.




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