Milestone Mortgage
CATHY KEADY, Loan Originator | 303.989.3683-office | 303.989.3312-fax
Milestone Mortgage
Take Advantage of Low-Down FHA Financing – Call Cathy Today!
A mortgage is a mortgage is a mortgage, right? Wrong!
There are many mortgage products on the market now, so it's important for you to do your homework to determine which type is best for you, and which bank, savings and loan, mortgage bank, finance company or credit union offers the best terms for that type of loan.
Let Milestone Mortgage Help With the Next Milestone in Your Life.
By the time you finish paying off the mortgage on your home, you'll have paid more in interest alone than the actual purchase price of the house. For example, if you borrow $125,000 at 8% for 30 years, you'll end up paying over $205,000 in interest, plus the $125,000 you borrowed. Your $125,000 house has cost you $330,000! So it makes sense to shop wisely for the best mortgage, since it will probably be the biggest financial decision of your life.
Compare Programs:
15, 20, and 30 Year Fixed Rate Loans - Fixed rate mortgages are the traditional loans that have a fixed interest rate over the life of the loan, typically 30, 20, 15, or 10 years.
FHA Mortgage – A mortgage that is insured by the Federal Housing Administration (FHA).
Conventional Loans - Any mortgage loan other than a VA or an FHA loan is conventional one.
Jumbo Loans - Jumbo loans are just what their name implies: a larger than average loan.
Balloons - If you know you'll be moving in five to seven years, and you'd like a lower interest rate but are uncomfortable with an adjustable rate, the balloon mortgage may be for you.
2nd Rate Mortgage Loans - 2nd mortgages are simple interest home loans, which means interest is compounded annually, as opposed to credit cards that charge interest compounded daily, where you can pay up to 3 times more interest.
Adjustable Rate Mortgagtes - A typical ARM is adjusted annually (although some are adjusted more frequently). Increases are usually capped for any given year and for the life of the loan.
Flexible Programs for Imperfect Credit
Interest Rate Buy Downs - In a competitive real estate market, a low mortgage rate can make your home much more attractive to buyers. You can increase your home's sales appeal by lowering the interest rate on your current mortgage and offering it as a buyer incentive through this innovative option.
Financing for Second Homes, Investment - Many Americans today are thinking of purchasing a weekend cabin they can drive to in a few hours or perhaps a second home several states away from their current residence. But obtaining financing for a second home can sometimes be a bit frustrating and intimidating.
Cash Out Refinancing - Refinance loans, or cash out refinance loans are perfect ways to create more disposable income, pay off an existing debt or put a lump sum of cash in your hands.
