Home Loans in White Plains NY
With hundreds of White Plains NY home loan products available, there’s sure to be one just right for you.
Our commitment is to continue doing what we have always done well. Our dedication to customer satisfaction is second to none. Our employees understand the importance of each and every loan.
Below are some of the most common loan products on the market.
Adjustable Rate Mortgages (ARMs)
Many people choose adjustable rate mortgages to get more cash out and lower initial monthly payments. There are other great reasons as well. An Adjustable Rate Mortgage is just that – adjustable. Its interest rate varies according to the index on which it’s based. ARMs come with interest rate caps that limit how much an interest rate, and therefore a payment, will change each year and over the life of the loan.
Interest Only Programs
We know that today's homeowners like the flexibility of managing their finances their own way. Interest only programs provide a lower monthly payment and let the borrower choose the amount that they pay toward the principal on the loan.
Pre-Approval is a more thorough process of determining how much you can afford by having a lender review and verify your credit, income and asset documentation. Although the Pre-Approval Process requires a bit more information, it is worth it because you will know exactly what you have been Pre-Approved for and you won’t face any unpleasant last minute surprises.