With all the mortgage loan options available, we understand it can be difficult to know if you’re choosing the best loan. That's why our Loan Officers listen and take the time to learn about your specific situation. Then we will provide you a detailed review of the benefits of various types of loans. Ultimately, we want to design a loan that works best for you.
Here are some examples of types of loans:
Fixed Rate Mortgages
As the name indicates, this loan provides you, the borrower, with a fixed interest rate over the whole term of the loan. These loans are the easiest to understand. You can count on the principal and interest payment amount staying the same every month for the entire term of the loan. At the end of the term of the loan, your loan balance is zero. Remember, however, if your loan includes an escrow account, the escrow portion of your monthly payment may change annually when escrows (annual tax and insurance payments) are analyzed.
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