Mortgage Types
Quick Overview

Fixed-Rate Mortgages:
Usually 15 to 30-year term loans that lock in a fixed interest rate for the life of the loan.

Adjustable-Rate Mortgages (ARM):
Usually offer a lower initial interest rate than fixed-rate loans for an introductory term and then adjusts periodically based on market rates.

Interest-Only Mortgages:
This mortgage type allows interest only payments during the first few years, ending with a balloon payment of the remaining balance.

Hybrid Mortgages:
Combination of fixed-rate and adjustable-rate loan.  There is a fixed-rate period before the rate becomes adjustable and then it follows the ARM loan model.

Need more info?
Contact David Hunter
today: 727-244-0989

Custom loan programs tailored to your specific needs

David Hunter
Licensed Professional Mortgage Broker
for First Atlantic Mortgage Services
Pinellas County, Florida
(727) 244-0989

Welcome!

Whether you are about to purchase your very first home in the Tampa Bay, Florida area or you're planning to refinance an existing home loan, the more you know about available mortgage options will help to ensure that you obtain the right loan that fits your budget and meets your needs.

Selecting your mortgage is almost as important as selecting your home. There are many things to consider. What you decide may make a big difference in your monthly payments and in the overall cost of your loan. We'll take you through the steps necessary to secure a loan, from credit score to closing.  As a licensed Pinellas County Mortgage Broker for First Atlantic Mortgage Services, I can match your needs to several different lending investors and find the right one for you.


 


First Atlantic Mortgage Services

Contact Us:
727-244-0989

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