Mortgage Terms

Adjustable Rate Mortgage - An Adjustable rate mortgage consists of an index and margin combined to determine your rate.

Bad Credit Mortgage - Borrowers with poor or very bad credit can obtain a bad credit mortgage including in some cases bankruptcies and foreclosures.

Consolidation Loans - The purpose of a consolidation loan is to reduce your debt into a lower monthly payment.

Credit Card Debt - If you are a homeowner and you have some equity in your home you can consolidate credit card debt.

Debt Consolidation - The purpose of debt consolidation is to reduce your debt into a lower monthly payment.

First Time Buyers - To qualify for a first time buyers program you cannot have owned a home in the past three years.

Fixed Rate Mortgage - A fixed rate mortgage offers you the security of a fixed interest mortgage rate so you'll always know exactly what your payments will be.

Home Equity Loans - A home equity loan is a revolving credit line and you can use it like a credit card.

Home Loan Mortgage - A home loan mortgage is a security instrument most often used for the purchase or improvement of real estate.

Home Mortgage - Banks, Investors and mortgage companies are the largest home mortgage lenders for residential loans.

Home Refinance - If you are paying a high interest rate then home refinance can help save you money monthly and over the lifetime of the mortgage.

Interest Only Mortgage - An Interest only mortgage can be an excellent choice for some borrowers. Interest only mortgage loans offer the lowest payment possible because you are paying interest only and not paying the principle portion that pays down your mortgage balance.

Jumbo Mortgage - A Jumbo Mortgage is a mortgage with a loan amount above conforming or conventional loan limits.

Mortgage Interest Rates - When the mortgage interest rate changes they usually change because the Federal Reserve changes their rates.

No Income / No Asset - When your privacy and disclosing income or assets becomes an issue you can always opt for a no income/no asset mortgage.

Online Mortgage - An online mortgage can be the easiest way to secure financing for your home.

Refinancing - If you are paying a higher interest rate than current rates you may be interested in looking into refinancing.

Refinance to Consolidate - With a debt consolidation loan you can combine 1st and 2nd mortgages, medical bills, student loans, auto loans and of course credit cards.

Self Employed Programs - The self employed loan programs are very popular for business owners and professionals.

Stated Income Mortgage - A Stated Income mortgage program is where the source of income is verified by the lender with the applicant, however the amount of income is not disclosed.