Read the information here about the features of some of the most popular loan programs:
Fixed Rate Loans
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Loan Program
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Reason to Choose It
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Key Features
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Basic 30 or 15 year fixed rate loans
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You want the stability of a fixed principal/interest
payment over the life of the loan.
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Down payments as low as 5% and can be structured to avoid
mortgage insurance.
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No down payment loans with no closing costs
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For borrowers with limited or no down payment who want to
purchase a home.
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Combines first and second mortgage to use as equivalent
for 20% down to avoid mortgage insurance.
Can also be set up as 100% loan with no mortgage insurance.
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Low down payment loans with little or no closing costs
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You want to put just 3% or 5% down and have little or no
closing costs
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Can be structured with no mortgage insurance
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Adjustable Rate Mortgages
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Basic 1/3/5/7 year ARM
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You want to start with a lower payment or want to buy more
home. You plan to move or refinance
with a few years
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Fixed rate for 1, 3, 5, 0r 7 years, then adjusts annually
based on a financial index
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Option
ARMS
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You want to have the flexibility to choose the amount of
your payment each month
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Four payment options each month:
1. Minimum Payment
2. Interest-only Payment
3. Fully Amortized Payment
4. 15 Year Payment
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We believe an educated loan shopper is our best customer, so we want you to have all of the information you need to choose a loan. Please take advantage of all the features we offer on this website:
