Which loan type is right for me?

To make the perfect solution for your situation is usually
best to get a free evaluation of your financial goals and challenges.

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We here to help and hope to add you to our growing list of satisfied clients.

Years you plan to stay in the home	Recommended program
1-3 years	3/1 ARM, 1 year ARM or 6 month ARM
3-5 years	5/1 ARM
5-7 years	7/1 ARM
7-10 years	10/1 ARM, 30 year fixed or 15 year fixed
10+ years	30 year fixed or 15 year fixed
Loan Program Advantages Disadvantages       Fixed Rate Mortgages 30 year fixed, 15 year fixed Monthly payments are fixed over the life of the loan Interest rate does not change Protected if rates go up. 30 year term, no balloon payment. Can refinance if rates go down Higher interest rate Higher mortgage payments Rate does not drop if interest rates improve   Loan Program Advantages Disadvantages     Adjustable Rate Mortgages Lower initial monthly payment More risk       10/1 ARM 7/1 ARM 5/1 ARM 3/1 ARM 1 year ARM 6 month ARM 1 month ARM Rates and payments may go down if rates improve May qualify for higher loan amounts Payments may change over time Potential for higher payments if rates increase

• "40 year" terms to help lower your monthly payment
  

• Eliminate high interest credit cards to improve your credit
  

• "100% financing" for first time home buyers
  

• "Two Step" programs to help get you back on track