Conventional Loans

30 Year Fixed Rate Mortgage 

A 30 year fixed rate mortgage is a very popular home loan option. It’s long term and fixed rate makes it attractive to many home owners. However, is it the right mortgage for you?  Learn more

 

15 Year Fixed Rate Mortgage

A 15 year fixed rate mortgage is in many ways similar to a 30 year-fixed rate mortgage. Your rate stays the same throughout the life of your home loan, giving you security and predictability with your monthly mortgage payments. Yet, what does a 15 year-fixed offer that a 30-year fixed does not?  Learn more

 

Adjustable Rate Mortgage (ARM)

An Adjustable Rate Mortgage, or ARM as it is popularly referred to, is a loan option whose interest rate changes after a fixed number of years (typically 5 or 7 years). After this fixed period of time, the rate will likely adjust, either increasing or decreasing your monthly payments. An ARM is a common alternative to a fixed rate mortgage, typically offering lower interest rates than you’d be able to obtain with a fixed rate mortgage. While potentially unpredictable, they can be a great home loan alternative in comparison to a long term mortgage like a 30 year-fixed rate mortgage.  Learn more

 

Jumbo Mortgage

Home loans fall into two categories based on their loan amount: conforming and jumbo loans. If you need a home loan that’s over the conforming limit ($417,000), you will probably need to get a Jumbo mortgage.  Learn more

 

 

Interest Only Mortgage

For most home loan types, your monthly payment will consist of some interest and some principal, so that you’ll be paying both at once. With an interest only mortgage though, you’ll pay only interest on your payments for a specific period of time (typically 5-10 years) while your principal will remain unchanged. By paying interest only, you’ll be reducing your monthly mortgage payments, enabling you to buy a more expensive home.  Learn More