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Current Rates Benefits

10 - Year Fixed
AdvantagesBest Choice If:DisadvantagesSample Payment
  • Level principal and interest payments for the full term of the loan.
  • No risk that changing market conditions will increase your monthly payments.
  • This product will pay-off the loan balance the quickest.
  • You plan on staying in the home long-term.
  • You need your monthly payments to remain fixed over the life of the loan.
  • You would like to pay-off the loan balance quickly.
Monthly payments are higher than a 30-year mortgagePayment example assumes loan amount of $120,000 with a down-payment of 20%.
15 - Year Fixed
AdvantagesBest Choice If:DisadvantagesSample Payment
  • Level principal and interest payments for the full term of the loan.
  • No risk that changing market conditions will increase your monthly payments.
  • The loan balance will decrease more rapidly than a 30 Year mortgage.
  • You plan on staying in the home long-term.
  • You need your monthly payments to remain fixed over the life of the loan.
  • You would like to pay-off the loan balance quickly.
Monthly payments are higher than a 30-year mortgagePayment example assumes loan amount of $120,000 with a down-payment of 20%.
20 - Year Fixed
AdvantagesBest Choice If:DisadvantagesSample Payment
  • Level principal and interest payments for the full term of the loan.
  • No risk that changing market conditions will increase your monthly payments.
  • The loan balance will decrease more rapidly than a 30 Year mortgage.
  • You plan on staying in the home long-term.
  • You need your monthly payments to remain fixed over the life of the loan.
  • You would like to pay-off the loan balance quickly.
Monthly payments are higher than a 30-year mortgagePayment example assumes loan amount of $120,000 with a down-payment of 20%.
30 - Year Fixed
AdvantagesBest Choice If:DisadvantagesSample Payment
  • Level principal and interest payments for the full term of the loan.
  • No risk that changing market conditions will increase your monthly payments.
  • The loan balance will decrease more rapidly than a 30 Year mortgage.
  • You plan on staying in the home long-term.
  • You need your monthly payments to remain fixed over the life of the loan.
Benefits of the fixed rate are realized over the life of the loan. If rates remain stable or decrease, an Adjustable Rate Loan may be a better option.Payment example assumes loan amount of $120,000 with a down-payment of 20%.
15 - Year High Balance
AdvantagesBest Choice If:DisadvantagesSample Payment
  • Level principal and interest payments for the full term of the loan.
  • No risk that changing market conditions will increase your monthly payments.
  • Fixed rate of interest.
  • The loan balance will decrease more rapidly than a 30 Year mortgage.
  • No Pre-payment penalty.
  • You plan on staying in the home long-term.
  • You need your monthly payments to remain fixed over the life of the loan.
  • You would like to pay-off the loan balance quickly.
Monthly payments are higher than a 30-year mortgageLoan payment based upon $480,000 loan request at 80% LTV.
30 - Year High Balance
AdvantagesBest Choice If:DisadvantagesSample Payment
  • Level principal and interest payments for the full term of the loan.
  • Allows for higher loan amount qualification and enhanced buying power.
  • No risk that changing market conditions will increase your monthly payments.
  • No Pre-payment penalty.
  • Fixed rate of interest.
  • You plan on staying in the home long-term.
  • You need your monthly payments to remain fixed over the life of the loan.
Benefits of the fixed rate are not realized until after the 10th year. (10/1 ARM is a better option if loan is paid-off within 10 years.)Loan payment based upon $480,000 loan request at 80% LTV.
5/1 Year Arm
AdvantagesBest Choice If:DisadvantagesSample Payment
  • Interest rate stays fixed for first 5 years. Adjusts annually thereafter
  • Allows for higher loan amount qualification and enhanced buying power.
You want a loan with:
  • Very low initial payments
  • The benefits of both a Fixed and ARM product.
  • Interest rate and monthly payments will adjust in the future.
  • Interest rate can rise above the current fixed rates over time.

Payment example assumes loan amount of $120,000 with a down-payment of 20%.


 ARM Features:

  • After the initial fixed interest period of 60 months, Interest and payment adjustment occur every 12 months.
  • Rate caps = 2% at first adjustment, 2% per annual adjustment there after and 5% over the lifetime of the loan.
  • Index = 1 yr LIBOR
7/1 Year Arm
AdvantagesBest Choice If:DisadvantagesSample Payment
  • Interest rate stays fixed for first 7 years. Adjusts annually thereafter
  • Allows for higher loan amount qualification and enhanced buying power.
  • Very low initial payments
  • The benefits of both a Fixed and ARM product.
  • Interest rate and monthly payments will adjust in the future.
  • Interest rate can rise above the current fixed rates over time.

Payment example assumes loan amount of $120,000 with a down-payment of 20%.


 ARM Features:

  • After the initial fixed interest period of 84 months, Interest and payment adjustment occur every 12 months.
  • Rate caps = 2% at first adjustment, 2% per annual adjustment there after and 5% over the lifetime of the loan.
  • Index = 1 yr LIBOR
10/1 Year Arm
AdvantagesBest Choice If:DisadvantagesSample Payment
  • Interest rate stays fixed for first 10 years. Adjusts annually thereafter
  • Allows for higher loan amount qualification and enhanced buying power.
You want a loan with:
  • Very low initial payments
  • The benefits of both a Fixed and ARM product.
  • Interest rate and monthly payments will adjust in the future.
  • Interest rate can rise above the current fixed rates over time.

Payment example assumes loan amount of $120,000 with a down-payment of 20%.


 ARM Features:

  • After the initial fixed interest period of 120 months, Interest and payment adjustment occur every 12 months.
  • Rate caps = 2% at first adjustment, 2% per annual adjustment there after and 5% over the lifetime of the loan.
  • Index = 1 yr LIBOR

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