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Other Loan Options
Loan Term:
various available (call to discuss)
Max Loan Amount:
varies
Minimum Down:
varies
Available for:
Owner-occupied primary residence, second home, investment, 1-4 unit properties
Loan Features:
Call to discuss
We have many loan options not listed here on our web site. If you are having trouble trying to find an option to fit your needs, please contact us. We can help customize a loan to fit your individual needs. Call us today at 1-800-342-7334 to be directly connected to the Broadview Mortgage Company office nearest you.
To Proceed:
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Apply for this loan
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Speak with an experienced
professional about this loan.
Other
Customized loan options:
Blemished Credit Options
Bridge Loan
Farmer's Home Loan (FmHA)
Other Loan Options
(click on the loan to learn more about it)
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Learn more (key terms and concepts)
Conventional Conforming Loans
Conventional Conforming Loans are loans that conform to national guidelines established by the Federal National Mortgage Association (FNMA or Fannie Mae) or the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac). These guidelines insure the security of your mortgage and therefore the security of your home.
Jumbo Loans
Jumbo Loans are conventional loans that are larger than conforming loan limits (any loan over $417,000 for a single-family home).
Fixed Rate Loans
Fixed Rate conventional loans are mortgages with an interest rate that does not vary over the term of the loan. The term of loan can vary in length from 10 to 30 years. In general, you might choose to select a fixed rate loan if you thought interest rates were going to rise in the future. This way your interest rate will stay fixed for the life of the loan, and not subject to future rate movements.
Term Options
The Loan Term
is the number of years it will take to pay the loan back in full. Most commonly, mortgage terms range from 10 to 30 years. For our purposes, we will compare a 15 and a 30 year loan:
30 year loan
15 year loan
Extends principal payments
over 30 yrs.
(lowest payment available)
pay more total interest
when you pay over 30 years
Extends principal payments
over 15 yrs.
(higher monthly payment)
Pay less total interest
by paying over 15 years
Build equity faster
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All rights reserved. Revised: October 16, 2000.
