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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 or 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.