The Group Guaranteed Mortgage 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.