Fixed, Adjustable and Interest Only Loans

Fixed Loan Programs: Fixed rate mortgages are available for 30, 20, 15 and even 10 years. In a fixed rate loan the interest rate remains fixed for the life of the loan. The payments, which remain level for the life of the loan, are structured to repay the loan at the end of the term. The most common fixed rate loans are 15 and 30 year mortgages.

Adjustable Loan Programs: In an adjustable rate loan, the interest rates, and accordingly the monthly payments, fluctuate over the term of the loan. With this type of mortgage, periodic adjustments based on changes in a defined index are made to the interest rate.

Interest-Only Loan Programs: Homebridge offers a large variety of interest-only loan products with varying terms for Owner-Occupied, Vacation and Investment Properties.