With this type of loan monthly payments are fixed over the life of the loan. The interest rate does not change and you’re protected if rates go up. You can refinance if rates go down.

LOW FIXED RATE LOANS

YEAR FIXED

Paul M. Mackay

Mortgage Professional

Loan Types

This is a 5 or 3 year fixed rate loan that is amortized over 30 years for a low monthly payment. Whether it's the monthly savings you're looking for or the security of a 30 year fixed rate, the choice is yours.

5/1 & 3/1 HYBRID ARM LOANS

97% LTV PURCHASE PROGRAM

95% LTV

30&15

With MI but NO Upfront Premium

Amortized Over 30 Years

GREAT ALTERNATIVE TO FHA

NO MI, NO PrePayment Penalty

QUALIFY FOR HIGHER SALES PRICES

3 1/2% Down FHA Purchase Financing

3% Down HomePath Financing

Higher Debt Ratios & Lower Ficos to Qualify

GREAT FOR FIRST TIME HOME BUYERS

NO MI, NO Appraisal. Only on Selected Properties.

ANOTHER GREAT ALTERNATIVE TO FHA

REVERSE MORTGAGES

With traditional mortgages, loan proceeds are provided up front and the borrower makes monthly payments over the lifetime of the loan term.