FIXED RATE MORTGAGE
A Fixed Mortgage offers a constant interest rate, which remains the same throughout the term of the loan. This allows the payment and the
duration of the loan to be fixed as well, allowing you to budget your finances effectively.
Sharing Points
10 year or 15 year 0% - 2% points
20 year or 30 year 0.25% - 2.25% points
10-30 Years
Or call our Mortgage Center
at 800-321-8570, ext 111
ADJUSTABLE RATE MORTGAGE (ARM)
Adjustable Rate Mortgages offer variable
interest rates that adjust monthly based on a variety of market conditions. The initial interest rate is normally fixed for a period of time after which it is reset periodically, often every month.
Sharing Points
1/1 ARM 0-2 points
3/1 ARM 0-2 points
ARM 10-30 Years
Or call our Mortgage Center
at 800-321-8570, ext 111
BALLOON
Balloons are short-term mortgages requiring borrowers to make monthly payments for a specific time period, then pay off the remaining balance in a relatively short time. They can be interest-only for 10 years, and the final
“balloon” payment comes as one large
installment at the end of the term.
Sharing Points
5 Year 0-2 points
7 Year 0-2 points
10 Year 0-2 points
BALLOON - 5-10 Years
Or call our Mortgage Center
at 800-321-8570, ext 111
