LOAN PROGRAMS

What is the best loan for you?

There isn't a single or simple answer to this question. The right type of mortgage for you depends on many different factors:

• Your current financial status
• How you expect your finances to change
• How long you intend to keep your home
• How comfortable you are with your mortgage payment changing

Let 13th Green Mortgage find the best way to find the "right answer" for you. We will discuss and match you with the most appropriate loan program that will benefit you. Outlined below are the most popular types of Loan Programs, but for more options, please Contact Us.

FIXED RATE MORTGAGES

This is the most common type of mortgage program where your monthly payments for interest and principle never change. The rate is at a fixed rate - meaning - it doesn't change.

ADJUSTABLE RATE MORTGAGES (ARM)

This loan begins with an interest rate that is lower than a comparable fixed rate mortgage, but the rate changes at certain intervals.

BALLOON MORTGAGES

These are short term mortgages that have some features of a fixed rate mortgage.

LONDON INTER BANK OFFERED RATE (LIBOR)

LIBOR is the rate on dollar-denominated deposits, also known as the Eurodollar, traded between banking establishments in London, U.K.