QUESTIONS/FEEDBACK

Fannie /Freddie Loans


30 year Fixed  - Payment fixed for Life of Loan 360 payments

20 year Fixed  - Payment fixed for Life of Loan 240 payments

15 year Fixed  - Payment fixed for Life of Loan 180 payments

10 year Fixed  - Payment fixed for Life of Loan 120 payments

Speciality Purchase Loans 

Conventional 1%

Down with Equity Boost makes it easier than ever to get into your new home. Here’s how it works: You put down 1%, Lender contributes 2% toward the down payment, giving you 3% equity at closing.

5/5 Arm - Payment fixed for 5 years 1 then adjustment.

Conventional 3%- All borrowers 

All borrowers can participate 

ARMS - With intrest rates on the rise and the distance the 10Yr index (30yr MTG) is shortned the 2 yr index will get lower making ARMs attractive.

5/1 Arm - Payment fixed for 5 years then adjustment.

10/1 Arm - Payment fixed for 10 years then adjustment.

7/1 Arm - Payment fixed for 7 years then adjustment.

The Benefits of a Conventional Loan Though FHA loans offer a number of benefits and advantages to buyers, there are some disadvantages to them. Though conventional loans require a larger down payment or higher equity, they can provide some strong benefits. • Reduce or eliminate Mortgage Insurance Premiums. FHA loans require MIP for the life of the loan, which can add $100 - $500 to your monthly payments. • Conventional loans often offer lower interest rates than other loans. • Higher loan limits with more predictable monthly payments. 

LOANS PROVIDED

HARP

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