From our initial conversation until you get the keys to your new home, Silver Fin Capital guides you every step of the way. No more confusion. No more frustration. And no more hassles.
This is the most common and most traditional mortgage. Your interest rate and monthly payment stay the same for 10, 15, 20, 25 or 30 years. Typically, rates are slightly higher based on the long-term security of a fixed rate and term.
Offering lower initial payments than a fixed-rate loan, adjustable rate mortgages have a 30 year amortization and have an interest rate that changes after the initial fixed-rate period. The initial term could be 3, 5, 7 or 10 years. At the end of that term, your payment could adjust up or down.
These are larger loans that exceed the conforming loan amount as determined by the county in which you live.
Federal Housing Administration government-backed loans require a minimum of 3.5% down payment. 100% of your down payment can be gifted to you by a relative or family member.
These federally insured Veterans Administration loans give veterans access to special mortgage rates and programs, including low (or no) down payment.
A reverse mortgage allows homeowners 62 and over the opportunity to convert some of your home’s equity into income. While you are still required to pay your real estate taxes and homeowners insurance, you are not required to make a monthly mortgage payment. This loan pays you a monthly amount, lump sum, or provides a line of credit you can tap into at a later time. These materials are not from HUD or FHA and were not approved by HUD or a government agency.
Interest only loans offer the option of paying just interest (no principal) for an initial fixed period of time. You can always pay as much principal as you would like.
These loans allow you to use some of the equity from your home to remodel, add on, make upgrades, or consolidate higher-interest debt. In many cases, you can also take out cash for other expenses.
Note: These materials are not from HUD or FHA and were not approved by HUD or a government agency.
Serving Connecticut, Florida, New Jersey, New York & Pennsylvania
State of Connecticut: Department of Banking, Licensed Mortgage Broker Number 17302; State of Florida: Office of Financial Regulation, Mortgage Broker License MBR572; State of New Jersey: Department of Banking & Insurance, Residential Mortgage Broker License 0805907; State of Pennsylvania: Department of Banking & Securities, Licensed Mortgage Broker, License 98635; State of New York: Department of Financial Services, (Institution A006520). New York Mortgage Broker Registration 208842.
Loans are provided by third-party lenders and are subject to credit and lender approval. Mortgage brokers are not empowered to make mortgage loans. We seek out the best loan program for your specific situation from our extensive network of wholesale lenders. Lenders pay our fees. In most cases there is no cost to you for services provided by Silver Fin Capital. Copyright © 2014-2022 Silver Fin Capital. Site design and maintenance by DesignStrategies.com.