Home mortgage loan

An ARM, or Adustable Rate Mortgage is perfect for anyone looking to lower your interest rate, and monthly payments. Your interest rate is fixed for the first three, five or seven years. Afterwords, your interest rate adjustment is capped at 2% a year, and will never exceed 6% above the initial rate.

With four differant payment options, an Option ARM is the most flexable, versitle mortgage on today's market. Choose the option that suits you best every month. Option ARM mortgages offer a fixed minimum payment and low adjustable interest rates.

The traditional fixed rate mortgage is best for people not moving within 7 years, or wanting to avoid rising interest rates. Knowing your interest rate and payment never chane makes it easier to budget your finances. This option gives you real peace of mind in an increasingly uncertain world.

An interest-only mortgage has a minimum payment option that is "interest only." Making the minimum payment on an interest only mortgage is only the amount required to pay down the interest every month. Any money payed on top of the interest is "principal" and goes to reduce the balance.