by admin | Dec 5, 2023 | Loan Types
The GPM is another alternative to the conventional adjustable rate mortgage, and is making a comeback as borrowers and mortgage companies seek alternatives to assist in qualify for home financing. Unlike an ARM, GPMs have a fixed note rate and payment schedule. With a...
by admin | Dec 5, 2023 | Loan Types
In certain markets, Adjustable Rate Loans (ARMs) may offer a low introductory rate or start rate. This start rate is for a limited time. As a rule, the lower the start rate is the shorter the time before the loan makes its first adjustment. IndexThe index of an ARM is...
by admin | Dec 5, 2023 | Loan Types
“Interest only” products are an easy way to save money and a very popular alternative to traditional fixed rates but they are not without risk. An “Interest Only” loan can offer consumers greater purchasing power, increased cash flow and a number of other benefits...
by admin | Dec 5, 2023 | Loan Types
At Martin Mortgage we understand how hard it is for self employed borrowers to be qualified for a mortgage loan based on adjusted gross income. That is why we offer traditional 30 year fixed rate loans based off of cash-flow in your business or personal bank accounts....
by admin | Dec 5, 2023 | Loan Types
In certain markets, Interest Rate Buydowns may be available. In general Buydowns this is how they work. Payments are reduced and figured on a lower interest rate over a specific term. The difference between the “real” note rate and the lowered interest rate is paid in...
