We can offer expert guidance on selecting a mortgage program that will match with your personal financial situation whether you're in Westchester, Orange or Rockland County. We have listed below the solutions we have to offer.
Fixed Rate Mortgage
A fixed rate loan has interest rates and payments that stay the same for the life of the loan and allows you to budget with confidence.
Adjustable Rate Loans
ARM's (Adjustable Rate Mortgages) are the best for cash flow and for the "short term outlook" (Usually two years or less).
Increase Upfront savings –If you’re planning to stay in your home or keep your loan for the short term, 5 years or less, lower upfront fees and payments typically make an ARM loan cost less than a fixed rate loan.
Maximize your Buying Power – You can use an ARM loan to obtain your highest loan amount.
Interest Only Loans
For homeowners with disciplined spending habits, interest only loans create exciting opportunities to become debt free or to effectively utilize the accumulated equity in their existing home. Borrowers who do not have a history of personal spending discipline may want to consider other types of mortgage loans since the only increase in equity available will be derived from appreciation.
Ready to finance the home in NY you’ve been dreaming of? A jumbo loan, which is larger than the limits set by Fannie Mae and Freddie Mac, can be anywhere between a few hundred thousand to well over a million.
Fixed 30 year mortgages
These are New York mortgages where the rate is set for the entire lifetime of the mortgage and therefore the rate of payment remains constant for 360 months (30 years). These mortgages can collateralize up to 97% of the value of the home and can be obtained as either purchase or refinance mortgages.
With all of your debt combined into one convenient payment, you can free yourself from having to pay and mail multiple bills each month. Consolidating your bills does not have to be confusing or intimidating.
If you’ve ever applied for a credit card, a car loan, a home loan, or any loan to make a large purchase then you’ve had your credit report reviewed by the lender. The lender uses this information to decide how much credit to extend and at what interest rate.
About New York Mortgage Broker
Artisan Mortgage Company is a New York mortgage broker providing a variety of home loans including FHA, VA, and Conventional programs offering great mortgage rates.