Loan Programs

Fixed Rate Mortgages
The traditional fixed rate mortgage is the most
common type of loan programs, where monthly principal and interest
payments never change during the life of the loan.Call Leisha @ Countrwide home loans

 509-263-0397 or  Cick Here To Apply Now

Adjustable Rate Mortgages (ARM)
Adjustable Rate Mortgages (ARM)'s are loans whose interest rate can
vary during the loan's term. These loans usually have a fixed interest
rate for an initial period of time and then can adjust based on current
market conditions. Click Here To Apply Now

Hybrid ARMs (3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM)
Hybrid ARM mortgages, also called fixed-period ARMs, combine
features of both fixed-rate and adjustable-rate mortgages. Click Here To Apply Now

Interest Only Mortgages
A mortgage is called “interest only” when its monthly payment does not
include the repayment of principal for a certain period of time. Click Here To Apply Now

Components of an ARM
To understand an ARM, you must have a working knowledge of its
components. Click Here To Apply Now

Balloon Mortgages
Balloon mortgages have a note rate that is fixed for an initial period of
time, and then the remaining principal balance is due at the end of the
term. Click Here To Apply Now

Graduated Payment Mortgages
Graduated Payment Mortgage is a loan where the payment graduates
(increases) annually for a predetermined period (e.g. five or ten years),
and then becomes fixed for the duration of the loan. Click Here To Apply Now

What kind of loan program is best for you?
So what kind of mortgage is best for you? Fixed rate? Adjustable rate?
Government loans? The truth is, there is no one correct answer.