In order to help you with your next home purchase, we have put together a simple review of some of the major mortgage programs.  Our in house partner, Executive Home Loans, can assist you with all the available financing options to find the one that is right for you. Please contact them at 262-369-8949 or 262-901-0900. You may also vist them at:

www.executive-home-loans.com


Variable or Adjustable-Rate Real Estate Mortgage - With an adjustable rate mortgage, the rate of the loan can change throughout the term of the loan. Many ARMs have a short fixed period and then become truly adjustable. The rate of the loan is based on adding points to a fixed base.

Fixed-Rate Real Estate Mortgage - With this type of loan, the interest rate remains consistent throughout the term of the loan.

Balloon Real Estate Loan - A balloon loan is a real estate loan where there is a lump sum due at the end of the loan. This normally encourages an individual to refinance prior to the end of the term of the loan.

Jumbo Real Estate Loans - A jumbo loan is any residential or commercial loan exceeding the guidelines of Fannie Mae and Freddie Mac.