Types of Loans
Paul M. Mackay
Mortgage Broker
Call 1.714.881.4290 or email paulmackay@PMACdirect.com
2008 Universal Residential Funding
* All Loan programs are subject to credit and property approval. All loan programs are subject to change without notice.
CUSTOMER
TESTIMONIES
With this type of loan monthly payments are fixed over the life of the loan. The interest rate does not change and you’re protected if rates go up. You can refinance if rates go down.
LOW 30 & 15 YEAR FIXED RATES
This is a 5 or 3 year fixed rate loan that is amortized over 30 years for a low monthly payment. Whether it's the monthly savings you're looking for or the security of a 30 year fixed rate, the choice is yours.
5/1 & 3/1 ARM RATES
With this type of loan getting the lowest monthly payments possible is the goal. Re-financing in this way may reduce your payments by more than 39%.
INTEREST ONLY
With traditional mortgages, loan proceeds are provided up front and the borrower makes monthly payments over the lifetime of the loan term.
REVERSE MORTGAGES
Consolidate all your credit cards using the equity in your home. Let your home work for you.
DEBT CONSOLIDATION
Use the equity in your home to make improvements or add on to increase the value of your home even more.
HOME IMPROVEMENT
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Refinance
Equity 2nds
Purchase
