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.

30 Year Jumbo Mortgage

 

Loan Range: $417,001 to $1,000,000+
Maximum LTV: Purchase: 80% Refinance: 80% Cash-Out: 80%
Program Strengths: Long term rate security
Program Drawbacks: Rates are higher than  the 30 year fixed conforming.  More expensive mortgage compared to Jumbo ARMs.
Recommendations: A good program for the security conscious and those with fears of rising rates, but not usually a good way to save money.