Landon Financial
Landon Financial
6261 West Atlantic Blvd
Suite 212 Margate, FL 33063
P.954.682.9952
F.678.691.7759
15 Year Fixed
30 Year Fixed
Fixed Rate Mortgages provide stability with fixed principal and interest over the life of the loan.
Features
* Monthly payments remain the same throughout the life of the loan.
* The interest rate on a fixed rate mortgage remains the same throughout the life of the loan.
* If Interest Rates were to increase your monthly interest rate would remain the same.
* These types of loans are designed for individuals who will most likely remain in their homes for long periods of time.
* Down payments can be as low as 5%.
A flexible mortgage that allows borrower’s to pay a much lower payment than Fixed Rate Loans. The borrower may also pay more than the required amount, thus paying down the principal of the loan. The Borrower may also adjust their payment month to month depending on their financial circumstances.
ARM’s are typically presented to the borrower with different payment options: A Fully Amortizing 15 Year, a Fully Amortizing 30 Year, an interest only and a minimum payment. Typically, the minimum payment does not cover the interest due, so if only the minimum payment is made, the unpaid amount is deferred and added to the loan.
Features
* The Interest will adjust throughout the loan.
* The interest rate may go up or down depending on the performance of the market.
* Initial rates are typically much lower than rate loans.
If you are currently in the United States military, or if you have ever served in the U.S. armed forces, you may be eligible to get a loan guarantee by the Veterans Administration (VA). If you qualify, this special government benefit to veterans might be a good option for you as it allows you to purchase a home with a low down payment.
Features
* Fixed Rate and Adjustable Rate Mortgages are available
* No down payment required when purchasing a home.
A VA mortgage loan is guaranteed with no money down for any loan up to $417,000.
* Those with credit issues are able to get very competitive interest rates on a VA loan. Those who have an improved credit score over the past year may qualify for the same competitive rates those with exceptional credit may receive.
* No monthly mortgage insurance is required for a VA home loan.
* Even loans that are 100% percent financed are eligible for loan with no mortgage insurance.
A Federal Housing Administration (FHA) insured loan allows you to buy a home with a low down payment, ranging from 3% to 5% depending on the price of the home. This may provide you with more buying power.
No point, No fee Programs
Home Equity Line of Credit
Home Equity Fixed Loan
Piggyback loans 80-10-10 or 80-15-5. No PMI payments even with 5% or 10% down.
First-time buyer mortgages assist borrowers have little or no down payment funds, closing costs or even a poor credit rating.
Features
* Low interest rates are available. Borrowers are easily qualified. Programs designed low down payment options.
* Government subsidiaries are available.
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