Our Most Popular Loan Programs

This page will give you a brief description about our most popular loan programs.

NO CLOSING FEE LOANS
This is a very popular program. The way it works is you obtain a slightly higher interest rate and in return you do not pay any non-recurring closing costs. This includes Title Insurance, Escrow Fee, Credit Report, Underwriting, Doc Prep, Appraisal, Processing or any other fees associated with obtaining the loan. This loan is available for refinance and purchase loans.

FIXED RATE - 40 year, 30 year, 25 year, 20 year, 15 year or 10 year
This means the rate is fixed for the life of the loan. Your payment will not change unless you refinance. The best choice if you are going to stay in the property (and the loan) over 5 years.

3/1, 5/1, 7/1, 10/1 ARMS
These loans are fixed for either 3, 5, 7, or 10 years. After the fixed rate period, it automatically rolls into an adjustable rate.

2/1 BUYDOWNS
This is a 30 year fixed where the first 2 years of interest are pre-paid in order to qualify for a larger loan amount. For example, your loan would be 6.5% for year 1, 7.5% for year 2, and 8.5 % for year 3-30. This is an excellent program.

100% HOME EQUITY
This is a second mortgage that is a fixed mortgage.  You can borrow up to 15 years.  It can go as high as 100% of your homes value less your first mortgage.

100% LTV LINES OF CREDIT
This is a second mortgage that is a credit line. You can use it and pay it back and use it again for 10 years. After that the balance owing is fully amortized. It can go as high as 100% of your homes value less your first mortgage.

 

Don't Pay Higher Interest and Fees!