The stability and comfort of always knowing exactly what your principal and interest payments will be. Take advantage of locking in at rates that are still at historical 20 year lows!

Advantage:

• Monthly payments are fixed for the life of the loan
• Interest rate does not change
• Protected if rates go up
• Can refinance if rates decrease
  

Disadvantage:

• Higher interest rate
• Higher mortgage payments
• Rate does not decrease if interest rates improve

Ideal for a "short term game plan". Perfect for people who think they may move within 3, 5, 7 or 10 years. Also allows you to qualify for a higher loan amount.

Advantage:

• Lower initial monthly payment
• Payments may decrease if rates improve
• Helps to qualify for higher loan amounts
  

Disadvantage:

• Risks that payments might increase
• Payments may change over time

Flexibility. Allows you to qualify for a higher priced home, or purchase a home with payments that are often hundreds of dollars lower than you might ordinarily have.

Advantage:

• Lower initial monthly payment
• Payments fixed for a period of time
• Helps to qualify for higher loan amounts
  

Disavantage:

• Principal amount may not decrease
• Potential of not building equity

Quicker entry into home ownership. Allows the first time buyer more ownership potential without a large savings account.

Advantage:

• Little to no downpayment needed.
  

Disavantage:

• May owe more than the property is worth if the value of the home decreases.
  

VA, FHA, and Cal Vet loans are just a few programs that we offer the help people buy a home.

Advantage:

• Lower to no downpayment requirements
• Reduced closing costs
• Easier qualification terms
  

Disavantage:

• Loan limits are low
• VA loans required the seller to pay some of the buyer's closing costs
• Must pay for mortgage insurance

Less than perfect credit - does not leave you out of the American Dream. These programs are tailor made to allow for the buyer who has had credit problems in the past.

Advantage:

• Helps to reestablish credit if you pay your mortgage on time
• More flexible underwriting guidelines
• Use this for debt consolidation and you may be able to reduce your monthly debt payments.

Disavantage:

• Higher interest rates
• Loans may have prepayment penalties

Use the equity in your home to finance a new addition, college education or pay off higher interest credit card debt.

Advantage:

• Borrow only what you need
• Interest may be tax deductible
• Keeps original loan at current level
  

Disavantage:

• Higher interest rates than on 1st mortgage
• Might make it harder to refinance your 1st mortgage