80/20 loans; 100% Financing
In order to finance a property 100 percent, most all mortgage companies will use a first mortgage of 80% of the value of the purchase and 20% of the value as a second mortgage. There are loans at 100% of the value of the property as one loan, but the monthly mortgage insurance can be as high as 1.20% of the loan per year...learn more.

Adjustable Rate Mortgages
These mortgage loans can have a fixed period of time from several months to one, two or more years before becoming an adjustable loan. The adjustment of the interest rate of the loan are based upon a pre-determined “index” and a “margin”...learn more.

Pay Option, Power or Pick a Payment ARM
he starting interest rate of this type of ARM is used to determine the payment of the loan is offered for the first year. The interest rate of this loan changes after the first month or three months of the start of the loan...learn more.

Second Mortgages
Second mortgage are divided into two types: Home Equity Lines of Credit (HELOC) and Fixed Rate Seconds...learn more.

General Guide Lines
Cash Out. There are loan to value restrictions and maximum cash out restrictions for loans. Cash out loans can cost .25% to .50% points of a loan...learn more.