Your Home Mortgage Financing Options
Buying a home is one of the most exciting and fulfilling purchases you’ll make in your lifetime. It’s also one of the most valuable investments you’ll ever make. Whether you’re getting ready to purchase your very first home or you’re moving to a new area, it’s important to understand your mortgage options before making the plunge. Here are a few of the financing options we offer at Intercoastal Mortgage Company.
Fixed rate mortgages are highly desirable because the interest rate never changes for the entire life of the loan. We have a variety of fixed mortgage programs you can choose from, including:
- FHA loans
- Jumbo programs
- Traditional conforming loans
- VA loans
If you’re looking for a loan that requires a steady payment each month with no surprises, a 30-year fixed rate mortgage is a great option. If you can afford to make higher monthly payments and want to pay your home off sooner, we also offer terms as short as 10 years.
Are you stuck in a bad loan with a high interest rate? We may be able to help. We offer refinancing options that can potentially lower your monthly payment as well as your interest rate*, depending on your credit profile and financials. You might even be able to take equity out of your home to pay for unexpected expenses. To find out if you qualify to refinance your home, call our office and speak with one of our friendly mortgage specialists.
*By refinancing your existing loan, your total finance charges may be higher over the life of the loan. Please get in touch with us to discuss if refinancing is right for you.
Adjustable rate mortgages (ARMs) can be a great solution for homeowners that want to live in their current property for a short period of time (less than 10 years). Adjustable mortgages typically offer low interest rates for a predetermined period of time, after which they can increase. Our Adjustable rate mortgages have fixed rate periods from 3 to 10 years. Since ARMs are riskier than fixed mortgages, we’ll provide you with the information you need to decide whether or not this loan type is the best choice for you.
Construction, Renovation and Bridge Lending
Do you have renovation goals for your home or do you want to build a brand new home? If so, we can provide you with the financing necessary to construct, renovate, or rehabilitate your residence. Finding out if you qualify is a quick and easy process that comes with no obligation.
We would love to help you buy a new home or improve your current home with flexible financing solutions. To discuss your options or find out if you qualify, call us today at 703-449-6800 (Fairfax, VA), 703-890-1800 (McLean, VA), 910-338-1748 (Surf City, NC), 404-879-5132 (Atlanta, GA), or 703-779-8900 (Loudoun, VA).