Products & Services

Finding The “Right” Loan

Understanding the Market and Listening To Our Customers

There’s a whole lot more in today’s mortgage market than just fixed and adjustable loans. Caliver Beach’s loan analysts are up to date with the many loan options on the market. By learning more about you, the customer – not just where you are, but where you plan to be – we can help you pick the loan that makes the most sense for you.

Loan Program *	What Is It For?
Basic fixed-rate loans. Rate stays the same over the life of the loan (30, 25, 20, 15, & 10 year terms)	People who plan to stay in their homes a long time and who want the security of a fixed payment.
Fixed rate, interest-only option. Rate stays the same over the life of the loan (30, 25, & 20 year terms) with only interest paid in the first 10 years.	People who plan to stay in their homes a long time, but need a lower down payment or want to buy more home.
Fixed rate, no down payment loans. Up to 107% financing (e.g., purchase price plus closing costs).	People who don’t have a down payment, or who want to avoid up front costs.
Basic adjustable rate mortgage (ARM). Fixed rate for a term (3, 5, 7, or 10 years), then adjusts annually, based on a financial index.	People who expect to move or refinance in a shorter period of time and/or who want a lower payment or want to buy more home. Ideal for “starter” homes.
High loan-to-value with no mortgage insurance. Adds traditional mortgage insurance to the interest rate, which can be tax deductible. (Ask your tax advisor.)	People with a minimum down payment and who want to avoid paying traditional mortgage insurance.
First mortgage plus a home equity line of credit (HELOC). Combining a down payment, 1st mortgage, and HELOC to avoid mortgage insurance.	People with a minimum down payment and want to avoid paying mortgage insurance.
Nonconforming/Jumbo loans.	People who need to borrow more than $417,000.
Super-Jumbo loans	People who need to borrow more than $650,000.

* For qualified applicants. Void where prohibited. Not available in all states. Rates, terms, and conditions subject to change without notice.