.jpg)
|
|
|
I have an array of loans programs to fit your need ... Key Benefits
Loan Programs Summary:Here I have summarized loan programs that are available to you. Please feel free to contact me with the form provided at the bottom of this page or you can reach me via home phone 410-391-2274 or by cell 443-306-4640 to discuss which loan is best for your financial future. Fixed Rate loans: Fixed rate loans represent the most conservative approach to borrowing money to pay for your home. Often called " conventional loans " because of their popularity among homebuyers, this type of loan guarantees you a consistent interest rate and monthly payment for the length of the loan. The length of the loan that is right for you depends on how long you will own your home, your current financial situation and your long-term financial goals. 30 Year Fixed Rate: A 30 year fixed rate loan is the most conservative length because there is little risk that changing economic conditions will effect your monthly payment. The payment and interest rate should stay the same the life of the loan. 15 Year Fixed Rate: This aggressive loan option also results in a much higher monthly payment but offers dramatic savings on the interest and payments. The payment and interest rate should also stay the same the life of the loan. Adjustable Rate loans: Adjustable Rate Mortgages (ARM's) have interest rates that may fluctuate with the economy. Lenders can offer lower initial interest rates with this type of loan because you share the risk of economic flux with them. The interest rate on an ARM is adjusted periodically, depending on the type of ARM you choose and according to the overall interest rates in the market at the time of adjustment. For instance, a " three-year ARM " means the initial interest rate is fixed for three years and then will change every year thereafter based upon general interest rate fluctuations. The interest rate on an ARM can be tied to a variety of markets. Therefore, your interest rate change is based upon the index at the time of the adjustment plus a fixed margin, which is established at the origination of the mortgage. The interest rate caps and ceilings available with ARMs do offer some control over the risk of rising interest rates. Caps determine the maximum percentage a lender can increase your interest rate at each adjustment interval and ceilings limit the total increase over the life of the loan. Imperfect Credit Programs: With imperfect credit programs you have the potential for reestablishing credit if you pay your mortgage on time. When you use this option for debt consolidation you may be able to reduce your monthly debt payment. With this program there may be higher interest rates and loans may have prepayment penalties. This program may not be as favorable and is harder to get fixed rate loans. Besides the standard loan programs I can offer you a large number of unique programs to serve your financial needs. Call me, William Knight at (home) 410-391-2274 or by (cell) 443-306-4640 or use the form below to contact me so I can discuss with you your financial options.
|
|
page as a Starting Point Hot Site. 
|
Send mail to 
