WE OFFER LOW RATE REFINANCES AND PURCHASES, AS WELL AS 0% DOWN PAYMENT PROGRAMS!

Which Loan is right for me?

Years you plan to stay in your home Recommended Program 1–3 3/1 ARM, 1-year ARM or 6-month ARM 3–5 5/1 ARM 5–7 7/1 ARM 7–10 10/1 ARM, 30 year fixed, or 15 year fixed 10+ 30 year fixed or 15 year fixed

There are always pro's and con's to every situation. We like to inform our borrowers completely, so that they can make the most informed decisions.

LOAN PROGRAM PRO'S CON'S Fixed Rate Mortgages 15 year fixed 20 year fixed 30 year fixed 40 year fixed Monthly payments are fixed over the life of the loan Interest rate does not change Protected if rates go up Can refinance if rates go down Higher interest rate Higher mortgage payments Rate does not drop if interest rates improve LOAN PROGRAM PRO'S CON'S Adjustable Rate Mortgages 10/1 ARM 7/1 ARM 5/1 ARM 3/1 ARM 2/28 ARM 2/38 ARM 2/48 ARM 3/37 ARM 3/47 ARM 1 year ARM 6 month ARM 1 month ARM Lower initial monthly payment Lower payment over a shorter period of time May qualify for higher loan amount Interest only payment options available Rate Caps 3 and 4 payment options for 1 month ARM great for cash-flow management Higher risk Payments may change over time Potential for high payments if rates go up LOAN PROGRAM PRO'S CON'S Interest Only Programs Rates are usually adjustable Various programs available Potential to pay off principle faster Lower Monthly payments Pay debts off faster with better cash flow Used as a cash-flow tool Equity grows with appreciation of property Great tax deduction Principle stays the same if nothing is paid towards it LOAN PROGRAM PRO'S CON'S First Time Buyer Programs FHA AND VA, as well as various other programs, all tailored to your individual needs Lower down payment Easier to qualify Lower rates (must qualify) Leniency shown towards past credit issues 0% down options available to qualified candidates Possible no MI (must qualify) May be subject to income and property value limitations Some programs which have government subsidies may have a clause if you sell too early Possibility of High Mortgage Insurance with some programs LOAN PROGRAM PRO'S CON'S Stated Income Programs No need to verify income Faster approval Higher rates Higher down payment May be a lower LTV LOAN PROGRAM PRO'S CON'S Damaged Credit Programs A tool for reestablishing credit if you pay your bills on time Use for debt consolidation to reduce monthly debt payment No out of pocket expense for refinancing your mortgage Higher rates Terms may not be as favorable Harder to get fixed rates Loans may have prepayment penalties LOAN PROGRAM PRO'S CON'S Debt Consolidation Programs Consolidate high interest debt Lower your debt payments Pay off debt faster Less equity in home slightly higher rates LOAN PROGRAM PRO'S CON'S Cash Out Refinancing Put the equity in your home to use in other areas of your life Less equity in home LOAN PROGRAM PRO'S CON'S Home Equity Line of Credit You only borrow what you need Payment interest only means lower payments Flexible access to funds Interest is tax-deductible No out-of-pocket expense Rates can change: the maximum interest rate is normally high Payments can change Harder to refinance your first Harder to obtain with damaged credit LOAN PROGRAM PRO'S CON'S Home Equity Fixed Loan Fixed payments Interest is tax-deductible Interest can be higher than on first mortgages Harder to refinance your first mortgage In addition to the above programs, we also offer: Commercial Loan Products from $100,000 – $25 Million (All Types Of Properties) Balloon Mortgage Products Jumbo Mortgage Products $417,000+