Purchases

Purchasing a home may be the biggest investment you ever make. Learning about the home buying process is the first step toward home ownership. >>Learn More

Refinances

Whether you're replacing your existing mortgage with a new, lower interest loan, changing the term of your loan or even consolidating all your debts into a new loan, refinancing can save you money both monthly and over the life of the loan.

First and Second Mortgages

You’ll have a wide variety of options when choosing a 2nd mortgage loan. Our lenders offer 2nd mortgage loans with relaxed credit guidelines and great interest rates. If you want an adjustable rate mortgage (called an ARM), we will make that possible. If you’d rather have a fixed interest rate mortgage, you can choose how many years you want to pay back the loan.

Home Improvement Loans

Home improvement loans are home loans used to finance improvements on your house or property. These loans are used to maintain or increase the value of your home. This can include repairs, a new kitchen, a new bathroom, an extension or general property improvements. Landscape improvements and swimming pools can also in many cases be considered home improvement. Generally, all actions that can be considered to increase the value of the property in such a way that it increases the expected sales value of the home or the property are to be considered home improvements.

Construction Loans

Construction loans are story loans. That means that the lender has to know the story behind the planned construction before they're willing to loan you money. Because it's a story loan, it's not going to be standardized like mortgage loans underwritten to Freddie Mac or Fannie Mae guidelines. That said, there are some common features to a construction loan. Construction loans typically require interest-only payments during construction and become due upon completion. Completion for homeowners means that the house has its certificate of occupancy.

Debt Consolidation Loans

Most people have more than one debt. You may have high interest credit cards, loans and mortgages. To pay off one debt you may need to borrow from someone else, creating yet another debt. The solution to this problem is debt consolidation.

If you own a home, you can get a debt consolidation home equity loan. With a debt consolidation loan you will have to consolidate each of your high interest credit cards, as well as your consumer loans, into one inexpensive and affordable monthly payment with low interest.

Home Equity Loans and Lines of Credit

Your home equity is the difference between what you owe on your mortgage (and on any other home loans) and the market value of your home.  You build equity as that difference grows —when you repay mortgage principal to decrease the amount you owe, or when your home’s value increases. 

You can borrow against that equity when you need cash, using either a home equity loan or a line of credit.  Both offer a number of advantages over other types of financing, including:

• Interest savings.  Home equity loans and lines typically have much lower interest rates than other types of financing, such as credit cards and personal loans.

• Tax benefits. Just like your first mortgage, the interest you pay on a home equity loan or line is usually tax-deductible. Consult your tax advisor about the deductibility of interest. 

Comparing Home Equity Loans and Credit Lines