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Mortgage Calculator and Loan Information

Mortgage Calculator and Loan Information

Home financing can be a critical part of any real estate transaction. Below you will find some outstanding mortgage professionals that may be able to help you with the purchase of your next home in Tempe. Mesa, Chandler, Gilbert, Scottsdale or greater Phoenix area.

In order to help you with your next home purchase, I have put together a simple review of some of the major mortgage programs.

Lisa Amato - New American Funding - Lisa.Amato@NAFinc.com - (480) 244-6490

Mike Engelking - Waterstone Mortgage - mengelking@waterstonemortgage.com - 602-790-5962, 480-257-1014

Mike LaPenta - Windsor Capital Mortgage - MikeLaPenta@cox.net - 480-777-1667

Variable or Adjustable-Rate Real Estate Mortgage
With an adjustable rate mortgage, the rate of the loan can change throughout the term of the loan. Many ARMs have a short fixed period and then become truly adjustable. The rate of the loan is based on adding points to a fixed base.

Fixed-Rate Real Estate Mortgage
With this type of loan, the interest rate remains consistent throughout the term of the loan.

Balloon Real Estate Loan
A balloon loan is a real estate loan where there is a lump sum due at the end of the loan. This normally encourages an individual to refinance prior to the end of the term of the loan.

Jumbo Real Estate Loans
A jumbo loan is any residential or commercial loan exceeding the guidelines of Fannie Mae and Freddie Mac.

FHA Real Estate Loans
An FHA loan is a loan in the United States that is insured by the Federal Housing Administration.

VA Real Estate Loans
A VA loan is a loan in the United States guaranteed by the Veterans Administration. The loan may be issued by qualified lenders. The VA was designed to offer long-term financing to American Veterans or to their surviving spouses.

Your real estate mortgage resource

Tempe area real estate and homes for sale are our specialty. Using this mortgage section can help you understand just what it takes to have a successful real estate transaction.

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