Traditional Mortgages

15-year fixed rate mortgage

Provides the benefits of fixed principal and interest payments over the life of the loan. Significant total interest payment savings, because loan is repaid in just 15 years.

20 and 30-year fixed rate mortgages

Combine the benefit of fixed principal and interest payments and, with longer loan terms, generally the lowest monthly cost.

arms

Adjustable rate mortgages. Lower monthly payments in the early years. Rates and payments adjust on a pre-determined timetable of, typically, 3, 5 or 7 years. 1-year ARMs available. Rate increases generally caped at 2% annually and 6% lifetime.