Real Estate Loans

Fixed Rate Loans offer a fixed interest rate and monthly payment for the life of the loan. These loans are usually written for fifteen or thirty year terms.

Balloon Loans offer a fixed interest rate and monthly payment but have a shorter term, usually five to seven years. Payments can be based on up to a thirty year repayment term, but the balance of the mortgage will become due at the end of the balloon period. The flexibility of shorter term financing through Balloon Loans is an excellent choice when you anticipate life style changes such as purchasing a different home, home improvement or sending a child to college.

Adjustable Rate Loans have an interest rate and payment that change periodically as market rates change. Adjustable Rate Loans usually offer the lowest possible initial rate and monthly payment. We’ll let you know how much the rate can change and what determines the amount of the change.

Construction/Permanent Loans let you finance the construction of your new home and then automatically convert to longer term permanent financing without a second loan closing or a second set of closing costs.

Bridge Loans allow you to use the equity in your current home to purchase a new home or to build that home or your dreams. This loan is written as a six month note with no monthly payments. The loan is paid off when your current home is sold. 

Home Equity Line of Credit is a loan secured by the equity in your home. It is designed to give you easy access to funds when you need them, for whatever purpose. The interest rate is adjustable and is determined by several factors, with rates starting as low as the current prime rate.

Home Equity Loans are for a specific amount and offer a fixed interest rate with a balloon term. A home equity loan is also secured by the equity in your home. The interest on Home Equity Loans and Lines of Credit may be tax deductible.