Licensed Mortgage Banker in PA and NJ

What's The Right Loan For Me?

Not too many years ago, you couldn't even ask this question. All loans were fixed rate, and carried a fixed monthly payment that lasted for a certain number of years. Today you have a wide range of loans to choose from. Federated Lending Corporation (FLC) has one of the most extensive product lines in the industry.

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30 Year Fixed Mortgage

 

Loan Range:	$100,000 to $417,000
Maximum LTV:	Purchase: 95%	Refinance: 95%	Cash-Out: 80%
Program Strengths:	Long term rate security
Program Drawbacks:	Often the highest rate program. May be more rate security than the owner will ever need.
Recommendations:	A good program if the owner does not plan to move or refinance for more than 10 years. A good choice if rates are historically very low. Points make sense to purchase if borrower plans to be in the property for at least 4 years.