Mortage Loans

Don't get overwhelmed by the process of applying for a home loan, inform yourself about the different types of loans so you will know which one is best for you. No matter if you are refinancing, buyer another home or a first time buyer, it's important to understand each distinctive home loan available. There are different variables to each type of mortgage and there is one that fits your exact finacial needs. Buying a home is one of your most important and largest investments that you will make. Finding the right mortgage company that will help you understand the various loan programs available is essential. The Advantages There are many advantages to using an online mortgage company to get a loan. For starters it is very convenient; less paper work, your application is processed quicker and you receive your money much faster. The best part is you can do everything online, or over the phone in the convenience of your home. Check out the great rates and get started today!

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Types of Mortgages

Click here to learn about the different types of mortgages.

Conventional Loans: These loans are not insured or guaranteed by the federal government.

Government loans: These types of loans consist of VA (for veterans) and FHA (first time home buyer, troubled credit, little or no money down) Loans

Fixed rate mortgage Loan (FRM): Interest rate and monthly mortgage payments remain the same for the duration of the loan.

Adjustable rate mortgages (ARM): Interest rate and monthly mortgage payments fluctuate over the period of the loan.

Balloon Loans: A short-term fixed-rate loan with low payments for a set number of years and one large final balloon payment of the remainder of the principal.

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Mortgage Calculators

Click here to see the different types of mortgage calculators.

Bi-weekly Mortgage Calculator
This calculator will show you how much you will save if you make 1/2 of your monthly mortgage payment every two weeks.

Loan Calculator
Us this to determine the monthly payment of a loan.

Mortgage Calculator
A simple mortgage calculator to determine your mortgage payment including escrows.

Mortgage Payoff Goal Calculator
This calculator will show you the additional monthly payment you will need to make on your current mortgage in order to pay if off within a specified number of years.

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Current Mortgage Rates

Click here to view current mortgage rates

MORTGAGE INTEREST RATES
provided by: mortgage tool