Economic Stimulus Act of 2008

This new mortgage program just rolled out March of 2008 and is a temporary stimulus for those in high cost areas to attain more favorable financing that would not exist otherwise. The cap for FHA and conforming loans of 417,000 has been increased up to 729,750. This will enable many homeowners with an adjustable rate mortgage to convert to a low fixed rate. You can also use this program to purchase a home instead of having to get into a jumbo loan which has higher rates. For more information call 800-486-0204.

Home Advantage Account

Imagine… A checking, Savings, Mortgage and Line of Credit all in one! That’s the new mortgage that’s being rolled out by a few of the largest banks in the world. This mortgage is new in America but not so new in other countries. In fact, its so popular that approx. 1/3 of all home owners in Australia and 25% in England have chosen this type of mortgage. One account for all is the wave of the future.

How it works: Your Checking account is linked to your mortgage account. You deposit your entire pay check, savings etc. and use your account for purchases as you normally do. While you are waiting to use that money, even just for a few days, weeks, or months, your average daily balance is reduced, thus reducing interest charges.

Benefits: The savings of compound interest can be incredible. This gives you the flexibility, freedom, and simplicity like no other mortgage product. Click here for more info.

30 Year Fixed Rate with 15 Year Interest Only

A lot of interest only options don't carry a fixed rate. Now you can have the security of a low fixed rate for an entire 30 year term! You’ll still get the flexibility of the minimum interest only payment.

How it works: Fixed rate for 30 years with interest only payments for 15 years.

Benefits: This is a good option for those who want to get into a fixed rate but still want low mortgage payments. Click here for more info.

Brand New Option ARM Mortgage Loan

This program was released in August of 2006 from a major mortgage lender.  From our extensive research, this lender is the first to roll out this exciting new loan. You can now get the benefits of the traditional option arm without worrying about your interest rate going through the roof with an adjustable rate mortgage. This option allows you to make a payment that is 3% below the note rate, So for example on a 300K loan your minimum payment is only 875.00 per month. This program is ideal for the self employed or for investors that would like to invest money elsewhere. This program is of great benefit to someone that has a traditional option arm that would like to continue with the low payments but lock into a low fixed rate for 5 years. If you are considering an option arm, this mortgage program is clearly the best in terms of a lower rate for five years. No other option arm program compares. This program is available through our network of lender. Just fill out this form to get mortgage quotes. 

Fill out the information below to compare 5 no obligation mortgage quotes on these or many other mortgage loan programs that are available on the market.