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Home Loans and Mortgage Services

Fixed-Rate Mortgages
A fixed-rate mortgage means the interest rate and principal payments remain the same for the entire life of the loan. Taxes may change.

Types of Fixed-Rate Mortgages

  • 30 Year Fixed-Rate Mortgage
  • 20 Year Fixed-Rate Mortgage
  • 15 Year Fixed-Rate Mortgage

    Apply for a Conventional or FHA Home Loan Now!


    Adjustable-Rate Mortgages
    An adjustable-rate mortgage (ARM) means that the interest rate changes over the life of the loan — according to the terms specified in advance.
    With ARMs:

  • The initial interest rate is usually lower than with a fixed-rate mortgage.
  • The monthly repayment would also be lower.
  • The interest rate may be adjusted (up or down) at predetermined times.
  • The monthly payment will then increase or decrease.
  • Most ARM programs do offer "rate cap" protection, which limits the amount the rate can be increased, both each year and over the life of the loan.
  • All ARMs are amortized over 30 years.
    Types of Adjustable-Rate Mortgages
  • 10/1 Adjustable-Rate Mortgage
  • 7/1 Adjustable-Rate Mortgage
  • 5/1 Adjustable-Rate Mortgage
  • 3/1 Adjustable-Rate Mortgage

    Apply for an ARM Loan Now!


    7 Year Balloon Mortgage
    With a balloon mortgage, you start by making payments as you would with a full-term loan, but after a certain period the balance of the mortgage comes due.
    With 7 Year Balloons:

  • Your mortgage is amortized over the full term of the loan repayment period.
  • At the end of a specified period, the balance comes due — a balloon payment needs to be made.

    So with a 7 year balloon, you would make monthly payments for seven years that have been calculated based on a 30 year mortgage payment plan.

    At the end of those seven years, the remaining principal balance is due and payable in full.

    Apply for a Balloon Mortgage Now!


    Refinance

    Apply for a Loan Refinance!


    Home Equity Loan

    Apply for a Home Equity Loan!

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