Home Loans in Westchester County NY
In today's real estate environment, most home sellers will not even consider your offer unless you are pre-approved. Contact us as soon as you are ready to start looking for a home and one of our loan officers will help you begin the application process.
We offer FHA, VA, USDA, Conventional and Home Improvement loans, including fixed, adjustable rate (ARMs) and Home Equity Lines of Credit to suit your specific financing needs.
We hope that you will contact us so that we may explain the Westchester County NY home loan that matches your situation. The following information provides a brief overview of the process.
Our fixed rate loans give you the security of a fixed interest rate and monthly payment for the life of the loan. That way, there will be no surprises even with changing economic conditions.
The lower initial interest rate of our adjustable rate loans makes qualifying easier. With the reduced initial payments, you can have extra cash up front for home improvement and furnishing.
The interest rate and repayment length are important factors when considering your options. The lower the interest rate and the shorter the term of the loan, the less your mortgage will cost in the end, however your monthly payments may be more expensive. When choosing what options are best for you, you should consider both your end goal and the situation you are currently in. Ask our professional for a rate quote.
Adjustable Rate Loan (ARM)
Adjustable rate loans have gained popularity because the initial interest rate is usually 2 to 3 points lower than the rate on a fixed rate loan. Adjustable rate have gained in popularity because the lower interest rate enables the borrower to qualify for a more expensive home.