Efinity Mortgage

The most common type of mortgage program in the US is the Fixed Rate. Here your monthly payments which are based on the amount, the interest rate and principal never change. Property taxes and homeowners insurance are not included in the Loan and as such may increase. By in large your monthly payments will be very stable.

Adjustable Rate Mortgages (ARMs) have a distinct advantage of beginning with a lower interest rate than that of a fixed rate mortgage, typically, 1-2 percent below a comparable fixed rate mortgage. There are several characteristics to ARM loans. They include the Index, the Margin, Change Caps, Payment Caps, and lifetime Caps.

Competitive interest rates. Favorable loan terms. No required down payment. VA loan programs help eligible veterans and active duty service members become homeowners and provide refinance options to those with existing mortgages.

A VA home loan with no required down payment and favorable loan terms for Active Duty Service members, Veterans, Reservists, National Guard members, surviving spouses, and certain other individuals who meet eligibility requirements can use VA loans to purchase homes or refinance existing mortgages.VA loans are guaranteed by the Department of Veterans Affairs.

Reverse Mortgages are a popular choice for homeowners who've built equity in their respective home. Marketed as a financial tool, Reverse Mortgages are designed by the federal government as a form of financial relief for homeowners 62 and older. It allows seniors to stay in their home, eliminate their current mortgage payment, and access their equity - tax-free!

A Cash-Out Refinance of an existing mortgage can provide the money you need at an attractive interest rate and payment. Boost your home's value. Transform home equity into cash. Avoid high-interest debt. Home equity loans allow you to borrow against the value of your home. Each state has different laws which limit the amount of equity a homeowner can access.