Real Estate Mortgage Programs

Real Estate Mortgage Programs

Prospective Queen Creek home buyershave a lot of decisions to make and a lot of things to consider. To make the process a bit easier for you, we have compiled a list of available mortgage programs and what they entail.

Adjustable Rate Mortgage (ARM) - also referred to as Variable Rate or Floating Rate Mortgage. Generally, the loan rate is fixed for an initial short period of time, before the rate becomes variable. In a 3/27 mortgage, the rate is fixed for the first 3 years and then becomes a floating mortgage for the remaining 27 years of the loan and will change periodically depending on its margin and relating index.

Fixed Rate Mortgage - this mortgage ensures that the borrower knows what the mortgage rate will be over the entire term of the loan. Unlike an ARM there will not be any fluctuation of the rate based on determining factors.

Balloon Mortgage - this type of mortgage is most common in commercial or investment properties. Sometimes this includes small interest only payments for a short amount of time, with a big payoff due at the end of 10 years for example. For residential loans it encourages early refinancing.

Jumbo Mortgage - A large mortgage that exceeds the conforming loan limit by Fannie Mae (FNMA) and Freddie Mac (FHLMC).

FHA Mortgage - a loan insured by the Federal Housing Administration( FHA) and available to families that are low to medium income and unable to make a large down payment.

VA Mortgage
- a home loan which is guaranteed by the Department of Veteran Affairs (VA) in the United States and available to veterans or their surviving spouses. There are many contributing factors to which mortgage loan is the right fit for you, your home and your personal situation. To get a better idea about financing a home, we invite you to read our article on “How Much Real Estate Can You Afford”.

We gladly help you with all your real estate or home financing needs. Please fill out the form below. There is no obligation and we keep your information confidential. Should you require further assistance or have questions regarding real estate refinancing options for your properties in Queen Creek, Mesa, Chandler, Gilbert, Gold Canyon and surrounding areas, you may fill out the form as well. We are looking forward to working with you.
In order to assist you with any of your home financing needs, we have provided you with this simple form. Thanks again for visiting and please note that your information will be kept strictly confidential.

The Quick Queen Creek Real Estate Mortgage Form

Do you need additional information regarding getting home financing and real estate mortgage services in Mesa, Queen Creek, Gilbert, Gold Canyon, Chandler, Scottsdale or in any other surrounding Maricopa, CA area? Please fill out the short real estate mortgage information request form above. All inquiries will be responded to in a timely fashion and your information will be kept strictly confidential.