Mortgage Financing

Fixed Rate Mortgages
This is the most common type of financing. Terms range from 10 to 30 years. The interest rate and payment remain constant throughout the life of the loan and the principal balance is gradually reduced with each payment.

Adjustable Rate Mortgages
Also known as ARMS, these loans are characterized by an interest rate that can adjust up or down at certain intervals.  They are base on an index, usually a published interest rate, plus a pre set margin. Adjustable rate loans typically offer you a lower initial interest rate.

Home Equity Line of Credit
The line of credit is secured by your home and is typically an andjustable rate mortgage.  You pay interest only on what you borrow, and the payments are typically interest only. You can put an equity line in place for cash needs (home improvements, college tuition,  second home purchase etc) or as an “insurance policy” for future cash needs.

Second Trust Deeds
This is a fixed mortgage secured in second position behind your primary mortgage.  It can be obtained at purchase  to avoid mortgage insurance or later when you need access to built  up equity. You borrow all the money up front, the interest rate and payment remain constant throughout  the life of the loan and the principal balance is gradually reduced with each payment.

Construction Loans
Short-term, interim financing  for the renovation or construction of a single family home. The lender makes payments to the builder at periodic intervals as the work progresses.  Loan Terms are from 6 to 24 months, at completion, the construction loan is either modified or replaced with permanent financing.

Commercial Loans
In an effort to provide you with only expert advice, we have structured strategic alliances with mortgage professionals who specialize in the area of commercial lending. 

Out of State Loans
Our list of out of state sources is continually growing. Call us to discuss your out of state real estate lending needs.