Basic Loan Products

Fixed Rate Mortgage (Conforming & Jumbo Loan Amounts)

With a fixed rate mortgage, you know exactly what your principal and interest payment will be each month for the life of your loan. It won’t change because your interest rate doesn’t change. Your taxes and insurance component of your payment towards escrow can change (and probably will) if your taxes and insurance change. Unfortunately, there’s no way to lock those in.  If interest rates go up, you’re protected with a fixed rate mortgage.  But, you won’t benefit if rates go down. You can always take advantage of falling rates by refinancing.

Fixed rate mortgages might be right for you if...

• Want the security of a fixed principal and interest payment.
• Think that interest rates will go up.
• Are on a fixed or limited budget.

Adjustable Rate Mortgage (ARM)

Compared to fixed rate mortgages, Adjustable Rate Mortgages (ARMs) offer a lower interest rate to start, so your monthly payments are generally lower. But, the interest rate moves up and down with the market based on an "index". Some of the more common indices include U. S. Treasury Bills, Cost of Funds Index (COFI) and the London Interbank Offered Rate (LIBOR).  Most ARMs have an initial fixed rate period ( typically 2-10 years) where the interest rate doesn’t change followed by the rest of the loan’s lifetime period where the rate is adjusted at predetermined intervals. Many ARMs have caps that limit how much your interest rate can change per period as well as for the life of the loan.

Also be aware that there are some very low rates ARMs that start out with "discounted" rates. These discounted rates are below the market rate and will definitely go up at the first adjustment period.

  Adjustable rate mortgages might be right for you if...

* You want more property than you can qualify for now with a fixed rate. * You are confident your income will increase or rates will not go up much. * You plan on selling or refinancing within the fixed rate period of the ARM.

Short Term Commercial Loans

We have several sources of funding for short term situations. Hard Money - Asset Based - Mezzanine - Equity and Structured financing for unimproved property and improved property. Loans Amounts from $100,000 to $20 Million. Call 877-227-5900 for a consult with one of our advisors.  WE HAVE CONVERTED SEVERAL BANK TURN-DOWN LOANS.

 Construction and Home Improvement Loans

Construction loans and Home Improvement Loans are used to finance the building of a new home or addition rather than purchase an existing home. The program can be fixed or variable rate loans with interest only payments during the construction phase. Payments to the builder is on a draw schedule during the construction phase. "One Time" Settlements available for Construction-to-Perm financing - which means that when construction is complete, the loan is converted to a normal mortgage. This has the advantage of a single loan with one closing.