Hybrid Loans

A Hybrid Loan provides you a fixed rate term, usually three, five, seven or ten years, with adjustable rates subsequently. The advantage of a Hybrid Loan is that it gives you a lower fixed rate mortgage than you’ll usually receive with a 30 year mortgage. The advantage of a hybrid loan is that it gives you a lower fixed rate mortgage than you’ll usually receive with a 30 year mortgage.

Credit Score

Credit scores just reflect on the information enclosed in your credit report. They do not consider your income, savings, down payment amount, or demographic factor like gender, race, nationality or marital status. In fact, the fact they don't consider demographic factors is why they were invented in the first place. "Profiling" was as dirty a word when FICO scores were invented as it is now. Credit scoring was developed as a way to consider only what was relevant to somebody's willingness to repay a loan.

Reverse Mortgage

Reverse mortgages are best for homeowners who are retired or no longer working and need to increase their income. Interest rates can be fixed or adjustable and the money is nontaxable and does not get in the way with Social Security or Medicare benefits. Your lender cannot take property away if you outlive your loan nor can you be forced to sell your home to pay off your loan even if the loan balance grows to go beyond property value.

Mortgage Comparison 15 year Loan vs 30 Year Loan

Determining which mortgage term is right for you can be a challenge. With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.

Second Mortgage

Taking out a second mortgage on your home used to carry some stigma with it – a sign that you were in financial trouble. But today, the ability to borrow money against your property is considered one of the biggest advantages of owning a home. A second mortgage is essentially a loan secured by your home or another piece of property with a first mortgage. The second mortgage allows the homeowner to tap into his or her equity to pay for college tuition, essential home improvements, pay off credit card balances or other pressing financial needs.

Getting a Mortgage Loan

Many people think their real estate agent will help them through a confusing mortgage process. Your real estate agent is looking out for you, no question about it. But it's your mortgage lender who wants almost all of those steps and all that paperwork.
Navigate our website http://www.agrealtyfinancial.com to learn how we make getting a loan easier and faster!