PREMIER MORTGAGE, INC. offers a variety of loan programs to meet your needs. We work with most of the leading lenders in the mortgage industry to provide various loan programs specifically designed for the individual homebuyer needs. Regardless of your situtation, purchase or refinance, with all of these loans programs we may have the right loan for your needs.
FIXED-RATE MORTGAGES
These programs are designed for individuals who are looking for long term ownership of their home. A fixed-rate mortgage means the interest rate and principal payments remain the same for the entire life of the loan. (Taxes and Insurance may change). Fixed Rate Term Options: 10 year 15 year 20 year 25 year 30 year Advantages: Consistent principal and interest payments make this loan very stable. Since your interest rate won't change, you don't need to worry about interest rate fluctuations. A good choice if you plan to stay in the home for a long time. Disadvantages: May cost you more---these loans usually have a higher interest rate than an adjustable-rate mortgage. On average, most people move or refinance within seven years. If rates in the current market are high, you are likely to get a better rate with an adjustable-rate loan.
These programs are designed for individuals who are looking for long term ownership of their home. A fixed-rate mortgage means the interest rate and principal payments remain the same for the entire life of the loan. (Taxes and Insurance may change).
Fixed Rate Term Options: 10 year 15 year 20 year 25 year 30 year
Advantages: Consistent principal and interest payments make this loan very stable. Since your interest rate won't change, you don't need to worry about interest rate fluctuations. A good choice if you plan to stay in the home for a long time.
Disadvantages: May cost you more---these loans usually have a higher interest rate than an adjustable-rate mortgage. On average, most people move or refinance within seven years. If rates in the current market are high, you are likely to get a better rate with an adjustable-rate loan.
ADJUSTABLE-RATE MORTGAGES
These programs are designed for individuals who plan to be in their home only a short period of time or may desire the lower interest rate available on the adjustable rate program. An adjustable-rate mortgage (ARM) means that the interest rate changes over the life of the loan (30 years) according to the terms specified in advance for a specific loan program. Most ARM programs do offer "Rate Cap" protection, which limits the amount the interest rate can be increased, both each year and over the life of the loan. Advantages: ARMS usually have a start rate lower than a fixed-rate mortgage, so you can increase your buying power and lower your initial monthly payments. If interest rates go down, you'll enjoy lower payments. Usually an ARM is the best choice for homeowners that plan to be in their home less than seven years. Disadvantages: Your monthly payment can increase if interest rates go up. Keep in mind that ARM's are best for homeowners who aren't planning on staying in a home an extended time. An ARM loan is a poor choice for a person on a fixed income.
These programs are designed for individuals who plan to be in their home only a short period of time or may desire the lower interest rate available on the adjustable rate program. An adjustable-rate mortgage (ARM) means that the interest rate changes over the life of the loan (30 years) according to the terms specified in advance for a specific loan program. Most ARM programs do offer "Rate Cap" protection, which limits the amount the interest rate can be increased, both each year and over the life of the loan.
Advantages: ARMS usually have a start rate lower than a fixed-rate mortgage, so you can increase your buying power and lower your initial monthly payments. If interest rates go down, you'll enjoy lower payments. Usually an ARM is the best choice for homeowners that plan to be in their home less than seven years.
Disadvantages: Your monthly payment can increase if interest rates go up. Keep in mind that ARM's are best for homeowners who aren't planning on staying in a home an extended time. An ARM loan is a poor choice for a person on a fixed income.
CUTTING EDGE PROGRAMS
Combination Rate Mortgages, or CRM's are often called Hybrid Loans because they combine the low rates of an ARM with the stability of a fixed rate mortgage. Typically the interest rate is fixed for the first 2-10 years of the loan and then becomes an adjustable for the remaining years. These loans are very attractive for families who see transition in the near future.
INTEREST ONLY LOAN
With interest only loans your monthly payments are strictly the interest on the mortgage for a fixed term, usually 2-15 years. Normally this product is a 30 year mortgage with an interest only option for the first 2-15 years.
REVERSE MORTGAGE
Use the equity in your home to get cash out for your retirement years. We can optimize your equity to provide you with monthly mortgage payments to the bank as with a traditional loan, the lender pays you based on the equity in your home. While the loan is outstanding you own the home and have title to it. Reverse loan borrwers must be 62 years or older to qualify for this loan.
CREDIT REPAIR
Premier Mortgage provides free credit repair assistance to all of our home loan applicants, to help you correct inaccurate, incomplete or unverifiable information contained in their credit reports. We do not charge anything for this credit repair service (does not include third party fees)! We only request that you be 100% honest about your intentions to purchase or refinance your home with Premier Mortgage. We dispute the negative information contained in you credit report, utilizing a federal law known as the Fair Credit Reporting Act. We also educate you about what affects your credit scores, how to maximize your credit scores, how to prevent identity theft and much more. Call us toll free at 877-262-7432... or locally at (479) 782-5959 for a FREE credit consultation and begin your FREE credit repair, today
Premier Mortgage provides free credit repair assistance to all of our home loan applicants, to help you correct inaccurate, incomplete or unverifiable information contained in their credit reports. We do not charge anything for this credit repair service (does not include third party fees)! We only request that you be 100% honest about your intentions to purchase or refinance your home with Premier Mortgage.
We dispute the negative information contained in you credit report, utilizing a federal law known as the Fair Credit Reporting Act. We also educate you about what affects your credit scores, how to maximize your credit scores, how to prevent identity theft and much more.
Call us toll free at 877-262-7432... or locally at (479) 782-5959 for a FREE credit consultation and begin your FREE credit repair, today
PREMIER MORTGAGE, INC - Ph: 479-782-5959 or 877-262-7432Fax: 479-782-9669Privacy Policy