bank statement program 7 How a Bank Statement Program Works We understand the unique needs of employed individuals have when it comes time to financing a home. If you are self-employed, you do not have to provide paystubs, W-2’s, tax returns or tax transcripts. ...
RENOVATION Mortgages 7 How a Renovation Mortgage Works On a purchase remodel, it allows you to finance not only the amount needed to purchase, but also the remodeling costs. On a refinance, it allows you to finance the existing mortgage as well as the costs for...
fha loans 7 The Different Types of FHA Loans FHA loans are available with different terms, so you can choose the length of the mortgage that works for you. Think you’ll refinance or move within a few years? An FHA adjustable rate mortgage comes with a low fixed...
30 year fixed 7 How a Conventional 30 Year Fixed Mortgage Works You’ll pay off the mortgage in 30 years. Although you’ll pay more interest over the life of the loan compared to lower term year mortgages, your monthly payments will be lower. You can pay...
15 year fixed 7 How a 15 Year Fixed Mortgage Works You’ll pay off the mortgage in 15 years. Because you’ll pay off the loan faster than a 30-year mortgage, you’ll pay less in interest over the life of the loan. You can pay down your mortgage at any time...
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