Understanding Mortgage Loans |
|
|
In today's world, there are hundreds of loan programs available for those shopping for loans. We commit to our customers, to work with them to find the loan that best meets their needs. Whether it's a new home purchase, a refinance opportunity or a debt consolidation objective, our loan officers are here to help you through the entire loan process.
The table below outlines a sample of the more popular loans we offer. Our loan officers are trained to analyze your situation and your financial objectives to deliver the most appropriate loan. Please let us help you find the loan that's best for you ! !
Fixed Rate Mortgages
- 30 year fixed
- 15 year fixed |
- Monthly payments are fixed over the life of the loan
- Interest rate does not change
- Protected if rates go up
- Can refinance if rates go down
|
|
Adjustable Rate Mortgages
- 3/27 Adjustable
- 5/25 Adjustable
- 6 month Adjustable Interest Only
|
- Lower initial monthly payment
- Lower payment over a shorter period of time
- Rates and payments may go down if rates improve
- May qualify for higher loan amounts
|
|
Home Equity Line of Credit
|
- You only borrow what you need
- Pay interest only on what you borrow
- Flexible access to funds
- Interest may be tax deductible
|
|
Home Equity Fixed Loan
|
- Fixed payments
- Interest may be tax deductible
|
|
Besides our standard loan programs, we also have a large number of unique programs to serve your needs:
- Purchase a house with 0 down
- No PMI payments even with 5% or 10% down.
- Debt consolidation programs
- Home Improvement loans
- Qualify even if you may have been turned down before!
For futher assistance, please call BEAMAN'S at (979) 849-9401 or (979)265-4477.
|