Types of Home Loans
Conventional loans are loans that are secured by government sponsored entities (in today's climate they are now government run entities) also know as GSE's such as Fannie Mae and Freddie Mac. Click here to learn more.
Loans which are more than the limits set by Fannie Mae and Freddie Mac are called jumbo loans. Click here to learn more.
An interest only mortgage is a scheduled monthly mortgage payment that consists of interest only. Click here to learn more.
A payment option ARM is an adjustable-rate mortgage that allows you to choose among several payment options each month. Click here to learn more.
The major advantage of fixed rate mortgages is that the monthly payment amount is predictable for the life of the loan. Click here to learn more.
Adjustable Rate Mortgages (ARMs) have become one of the most popular and effective tools for helping some prospective homebuyers achieve their dream of homeownership. Click here to learn more.
Many borrowers use a refinance to either shorten the term of the mortgage or to reduce the monthly payment. Click here to learn more.