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| Maine Loan Products - Introductory Rate ARM's |
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To start off, there are a number of introductory rate ARMs. Most adjustable home mortgage loans have a much lower rate then a fixed mortgage loan. As much as 4-5 percent lower than the fixed-rate mortgage loans. This percentage can greatly reduce the month to month cost of the home mortgage loan. First off is the margin, which is the most important part of ARMs. The margin is added with the index to get an overall interest rate. Next are the caps, the Interim Cap is there to protect your adjustable mortgage rate. It prevents the market from raising your mortgage rate too high and vise versa. Last is the Payment Cap, which allows loans to have a maximum payment cap instead of an interest cap. For more information regarding the introductory rate ARM and the other types of loan products, contact 1st Maine Mortgage .com
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Information provided by 1st
Maine Mortgage. 1st Maine Mortgage .com is the mortgage
broker of choice in Maine. As a licensed mortgage
broker 1st Maine Mortgage .com can provide the lowest
interest rates on mortgages and home loans in the
state of Maine. We shop hundreds of lenders to guarantee
you the best terms for refinance loans, 2nd Mortgages,
Debt Consolidation, home improvement and home equity
credit line loans and pre-qualifying 1st time home
buyers for a Maine home loan.
| Refinance
today! |
| Even a small rate cut can pay off quickly! There are ways to save money refinancing. We can help if you would like to stay in the house for 1 year to 30 years. We have specific programs designed to fit your needs. Call a representative today to see what program fits you best.
More Maine Refinance Information
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| DEBT
CONSOLIDATION! |
Our debt consolidation services
can help you rest peacefully at night, by offering
you a well rounded suite of solutions, custom tailored
to fit your personal financial needs.
Our reliable and efficient debt consolidation services will assist you in taking a new step towards becoming debt-free.
More Maine Debt Consolidation Information
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| FIRST
TIME BUYERS |
| We design our first time buyer loans to make it easy to become a homeowner. There are many programs to choose from depending on your unique situation. Some programs offer low interest rates, easier qualifying or both. Call one of our first time buyer specialists to see what fits your needs.
More Maine First Time Buyers Information
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