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Types of Loans
Fixed Rate Mortgage
The traditional fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjustable-rate loans are usually cheaper. As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.

Adjustable Rate Mortgages (ARM)
An adjustable-rate mortgage, or ARM, is a home loan with an interest rate that can change periodically. This means that the monthly payments can go up or down.  We offer ARM loans with a Note Rate fixed for the first 1, 3, 5, or 7 years of the loan.  Your rate and payment will then adjust annually for the remaining loan term.

Construction to Permanent
A construction-to-permanent loan combines construction financing and mortgage financing into one loan. Your construction financing simply converts to a permanent mortgage when your house is finished. Since there is one loan, there is one closing.

Construction Loan
A construction loan is a short-term loan used to fund the building of your home.  Interest-only payments are due during construction.  At the end of the construction process, when the house is done, you will need to get a new loan to pay off the construction loan.

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