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Tuesday, March 09, 2010 |
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| Kathy Jarman and Alpine Mortgage Services offers a variety of loan programs to meet your needs. This is a sampling of our most popular programs: | ||
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Loan Products For Up To 80% Loan To Value Ratio
The following loan products are available for both conforming and jumbo loan amounts. |
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30 Year Fixed Rate
A traditional fixed interest rate, fixed payment loan offering the long term security of knowing that your rate and payment will not change. The payment is calculated to repay the principal and interest entirely by the end of the loan term. |
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20 Year Fixed Rate
A 20 year fixed interest rate, fixed payment loan. Your interest rate and payments will remain the same for the life of the mortgage. The payment is calculated to repay the principal and interest entirely by the end of the loan term. |
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15 Year Fixed Rate
A 15 year fixed interest rate, fixed payment loan. Your interest rate and payments will remain the same for the life of the mortgage. The payment is calculated to repay the principal and interest entirely by the end of the loan. A 15 year loan generally has a lower interest rate and builds equity quickly. |
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3 Year ARM
A 3 year ARM is an adjustable-rate mortgage, or ARM, that has an initial interest rate for the first three years, and thereafter adjusts each year. The rate can only change within limits by a specified amount each year, and a specified amount over the life of the loan. |
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3 Year Interest Only ARM
An adjustable-rate mortgage (ARM) with an initial fixed-rate period of 3 years, during which the borrower is obligated to pay only the interest accrued on the loan. The interest rate then adjusts up or down as market conditions change. |
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5 Year ARM
A 5 year ARM is an adjustable-rate mortgage, or ARM, that has an initial interest rate for the first five years, and thereafter adjusts each year. The rate can only change within limits by a specified amount each year, and a specified amount over the life of the loan. |
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5 Year Interest Only ARM
An adjustable-rate mortgage (ARM) with an initial fixed-rate period of 5 years, during which the borrower is obligated to pay only the interest accrued on the loan. The interest rate then adjusts up or down as market conditions change. |
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7 Year ARM
A 7 year ARM is an adjustable-rate mortgage, or ARM, that has an initial interest rate for the first seven years, and thereafter adjusts each year. The rate can only change within limits by a specified amount each year, and a specified amount over the life of the loan. |
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7 Year Interest Only ARM
An adjustable-rate mortgage (ARM) with an initial fixed-rate period of 7 years, during which the borrower is obligated to pay only the interest accrued on the loan. The interest rate then adjusts up or down as market conditions change. |
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10 Year ARM
A 10 year ARM is an adjustable-rate mortgage, or ARM, that has an initial interest rate for the ten years, and thereafter adjusts each year. The rate can only change within limits by a specified amount each year, and a specified amount over the life of the loan. |
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10 Year Interest Only ARM
An adjustable-rate mortgage (ARM) with an initial fixed-rate period of 10 years, during which the borrower is obligated to pay only the interest accrued on the loan. The interest rate then adjusts up or down as market conditions change. |
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Loan Products For Loan To Value Ratios of 80%+ To 100%
The following products are available for financing of 80%+ to 100% loan amounts, and are only available for conforming loan amounts. |
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30 Year Fixed
A 30 year fixed rate loan for 80%+ to 100% loan amounts, all in one loan. |
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30 Year Fixed with No Private Mortgage Insurance
A 30 year fixed rate loan for 80%+ to 95% loan amounts, all in one loan with no Private Mortgage Insurance. |
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