propertymortgage.com is committed to offering innovative and flexible loan options to meet the needs of its qualified customers. We’d be pleased to review your loan options in person. Give us a call at your convenience.

Fixed and Adjustable Rate Mortgages

Fixed rate loans
If you prefer the stability of a fixed payment over the life of the loan, we offer fixed rate loans with a wide variety of terms, including a 15, 20, 30 and 40-year.

Adjustable Rate Mortgage, 3/1, 5/1, 7/1 or 10/1 (ARM Fixed Period)
A Fixed Period ARM offers buyers a lower starting interest rate with the stability of a fixed rate for the specific fixed period selected. The interest rate and monthly payment adjusts every 12 months after the fixed period.

Interest-Only Loans **
Interest only options appear in various loan programs, fixed, fixed-period ARM, etc. Borrowers can make interest-only payments for a limited period with the option to pay higher amounts to pay down the principal. After the completion of the interest-only period, borrowers will be required to pay principal + interest, which may result in a significantly higher monthly payment.

**About Interest-Only Loans - These loans include a 10-year interest-only period to begin the loan term. Interest-only payments do not reduce the mortgage principal amount. After the interest-only period ends, the monthly payment will become fully-amortizing over the remaining term, resulting in a higher monthly payment that includes both principal and interest.