Our goal is to be able to provide the best mortgage for every buyer based on your budget and lifestyle. Whether you’re buying a home, refinancing or needing a home equity loan, I can find the right product for you.

• Purchase
• Refinance
• Community home buyer program
• FHA loan program
• VA Loan Program
• Jumbo Loans
• 100% Financing
• Home Equity Loans

Choosing the Right Loan

Whether you’re borrowing to buy a home or refinancing your current home, the mortgage you choose must be compatible with your budget, your appetite for risk and your financial goals.

There are two general categories of loans: fixed rate or adjustable rate mortgages (ARMs). Fixed-rate means that the interest rate lasts for the length of the entire loan. It ensures your principal and interest payment is the same every month, and that your interest rate will not change. With an ARM, the interest rate adjusts according to a predetermined schedule, every year for instance, and therefore your payment can adjust on the same schedule. Always confirm the terms of your desired mortgage with youR broker.

The 30-year Fixed

The 30-year fixed loan is popular when the interest rates are low because it gives borrowers the security of knowing they can enjoy a relatively low and fixed interest rate for the next 30 years.

However, most people who take out a 30-year fixed loan don’t keep it that long, even if they don’t sell their house and pay off the mortgage. Home owners will quickly rid themselves of their old 30-year fixed for a new loan, refinancing any time rates get lower than their current loan. Even though it costs to refinance, many borrowers will do so in order to lower monthly payments. No-cost refinancing is also available, but borrowers then pay a slightly higher interest rate. If you already have a relatively low-interest rate fixed loan, there can be good reason not to refinance. For instance, every time you refinance to a 30-year fixed, you start over with a new 30 year mortgage.

Short-term loans

There are many people who want to carry little or no debt at any cost. As such, there are shorter term fixed-rate loans: 15-year, 20-year and, in some cases, 25-year loans. With shorter term loans, you end up paying more principal every month, thus paying off the loan faster with less interest charges over the life of the loan. Typically, middle aged home buyers opt for shorter term loans to be free of mortgage payments by the time they retire. Even though short term loans save you thousands in interest charges, that savings might not be worth it you could put your money in high-yield investments. This is a situation where you need to know yourself and determine what makes you most comfortable.

Adjustable-rate loans

If you are not risk-averse, an ARM can save you money. Some of the most popular ARMs are the three- and five-year ARMs. This means the rate stays fixed for three or five years, and then adjusts on a set, regular basis.

Usually, the shorter the initial fixed-rate term on an ARM, the lower the rate. A loan that will adjust after one year carries the lowest initial rate of all. If you know that you are going to be selling your home within a year, this ARM may be an option for you.