Now that you have found your Dream Home, it is time to think about getting a Mortgage.
The most common type of mortgage is a Conventional Mortgage in which the terms and conditions of the loan meet the criteria set forth by Fannie Mae and Freddie Mac. A conventional mortgage can be defined as either a Fixed Rate Mortgage (FRM) or an Adjustable Rate Mortgage (ARM).

A fixed rate mortgage is classified as having the same principal and interest payment for the life of the loan, which is typically either a 30 year fixed or a 20 year fixed.

An Adjustable Rate Mortgage has an interest rate that is fixed for the first several years of the loan (typically 3, 5, 7, or 10 years) then becomes variable for the remainder of the loan. After the initial fixed period, the ARM rate adjusts based on market conditions.

The interest rate in the early years of an ARM is usually much lower than that of a conventional fixed rate 30 year mortgage, which makes an ARM more affordable for people whose incomes are lower now than they expect them to be in a few years.

To start the process for a Mortgage, click on the link below and fill in the online Application Form.
Send the completed form to us by Email or Fax, and we will contact you with the available Interest Rates.

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