Mortgage and Home Equity Loans

A Fixed-Rate Mortgage (FRM) offers stability with an interest rate that remains constant throughout the life of the loan. This means your monthly payments will never change, making budgeting easier. Fixed-rate mortgages are available in various terms, typically ranging from 10 to 30 years.

A jumbo mortgage is a loan that is used to buy more expensive properties.  While the size differs by geographic region, it typically means a loan in excess of $766,550 in most of the U.S. They can be used for primary residences, investment properties and vacation homes.

Replace your existing mortgage with a new one, typically to secure a lower interest rate, change your loan's term, or access your home's equity through a cash-out refinance. Refinancing can save you money by reducing monthly payments or lowering your total interest paid over time.

An Adjustable-Rate Mortgage (ARM) features an interest rate that can change periodically based on market conditions. ARMs usually start with a lower initial rate compared to fixed-rate mortgages, which can make them more affordable in the short term. However, the rate and monthly payments can increase over time.

Backed by the Federal Housing Administration, FHA loans are designed to help first-time homebuyers and those with lower credit scores. They offer lower down payment requirements and more flexible qualifying criteria. FHA loans can be a great option if you need a bit more leniency in the approval process.