FIXED RATE RESIDENTIAL REAL ESTATE LOANS -
Both interest rate and payment remain the same over the term of the loan. Loans can be amortized over 10 to 40 years. Up to 125% LTV (Loan-To-Value) available!

FIXED RATE RESIDENTIAL REAL ESTATE "BALLOONS" -
Both interest rate and payment remain the same until the loan is due. Typically, the entire loan amount is due in 3, 5, or 7 years. The advantage of balloon programs is they tend to have the lowest rates; the entire balance must be paid off or refinanced at the end of the term. This type of financing is recommended for borrowers who know they will be leaving their current home in 3 to 7 years.

ADJUSTABLE RATE MORTGAGE (ARM) RESIDENTIAL REAL ESTATE LOANS -
Both interest rate and payment remain the same for a fixed time period, usually 3 or 5 years. At the end of that period the rate can rise at fixed intervals. The amount the rate can rise, or Margin, is predetermined (normally 1/2% to 2% per rise). The intervals are normally 6 or 12 months. Typically there is a "Cap" on the margin. The advantage of an ARM is that it allows you to get a lower rate, for a known period of time, while you watch the market to see if and when fixed rates improve. ARMs are recommended for those borrowers who intend to stay in their home for a fixed period.

BUYDOWN RESIDENTIAL REAL ESTATE LOANS -
Both rate and payment remain the same for a fixed period, at the end of which, the rate and payment increase. The rate and payment may increase once, twice, or even three times, depending on whether the Buydown is a 1/1, 2/1, or 3/1. The percentage of increase, as well as number of increases is predetermined. Once all of the increases have occurred the new rate and payment remain fixed for the term of the loan. The advantage to a Buydown is that it offers a lower rate and payment during the first few years of the loan. Buydowns are recommended for those borrowers who are having trouble qualifying from an income perspective.

INTEREST- ONLY REAL ESTATE LOANS -
For a set period (generally in the early years of a mortgage when most of the payment goes toward interest anyway), you pay only the interest portion of your monthly payment, freeing up for other purposes the amount that would normally go toward paying off the principal. At the end of the interest-only period, your loan reverts back to its original terms, with the monthly payments adjusted upward to reflect full amortization over the remaining years of the loan. For example, following a five-year interest-only loan, a 30-year mortgage would now fully amortize over 25 years. This loan affords one with more home for less money.

• Debt Consolidations
• Refinance/Cash Out
• Low Credit Score Loans
• Self Employed Loans/No Doc
• Home Equity Loans to 125%
• Home Improvement & Repairs
• Conforming Loans
• Investor Properties to 95%
• Neg-Am Loans
• In Chapter 13 "right now"
• Currently in CCCS
• Chapter 7 BK Discharged
• Current or Former Foreclosure
• Almost any situation