30 Year Fixed Rate
The traditional 30-year fixed-rate mortgage offers total interest rate stability. If you intend to live in the home for an extended period of time, it's a good choice. The 30-year mortgage generally provides for the lowest monthly payments. Down payment can be as low as 3% for qualified persons.

15 Year Fixed Rate
With a 15-year mortgage, you own your home in half the time by paying a little more every month. Many people find that a shorter loan term offer them a significant financial advantage in accumulating equity and paying less interest over the life of their loan. The only drawback is that the monthly payments are higher than a 30-year mortgage. Down payment can be as low as 3% for qualified persons.

ADJUSTABLE RATES

3/1, 5/1, 7/1, and 10/1 Fixed Term
The Adjustable Rate Mortgage programs provide for a lower fixed interest rate for a specified number of years (3, 5, 7 or 10 years) and then adjust up or down every year thereafter, based on the applicable index.

5 or 7 Year Balloon
Balloon mortgages offer the advantage of lower interest rates and lower monthly payments for the initial period.

1 Year ARM
The initial interest rate is generally very low and fixed for the first year and will be adjusted every year thereafter, based on the applicable index.

 

For information on rates and terms, please contact us at:



or e-mail lenny@444loan.com

 

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