National Mortgage Group

Loan Programs

Which Mortgage is Right for You?

There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them. Luckily we’re here to help you choose the best type of home loan for your needs.

 

Mortgage Rate Options

Fixed Rate

The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during.

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Adjustable ARM

Adjustable-rate mortgages Typically, start with 5, 7 or 10 years fixed, then become Adjustable and your payment will go up or down depending on the loan’s introductory period, rate caps, and the index interest rate.

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Interest Only

Interest only mortgages are home loans in which borrowers make monthly payments only toward the interest of the current balance, rather than towards the principal.

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Loan Program Options