Security Center Alerts
15-Year vs 30-Year Mortgages
Choosing between a 15-year and a 30-year mortgage is one of the most important decisions you'll make as a homebuyer ...
Home Purchase
Fixed-Rate Mortgage
With a fixed rate mortgage, your principal and interest payments stay the same for the life of the loan—a good choice if you’re planning to stay in your home for a long time. Choose from varying year terms, such as 30 year or 15 year.
Adjustable-Rate Mortgage
Adjustable rate mortgages (ARM), also known as variable rate mortgages, have varying terms to maturity where your interest rate and monthly principal and interest payments remain fixed for the initial pre-determined period of time, once the fixed period expires the interest rate adjusts annually based on a rate index.
Jumbo Loans
For loans over $806,500, we offer jumbo mortgages, also called non-conforming loans. Jumbo financing options include fixed and adjustable rate mortgages, with a range of terms to accommodate your immediate and long-term financial plans.
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Other Articles of Interest
Buying vs Renting a Home
The debate over whether renting or buying a home is the better choice has existed for decades. However, the question itself is often misleading ...
Down Payment Strategies for First-Time Home Buyers
The idea of buying a first home is exciting. Coming up with a sizeable down payment, however, can feel like an insurmountable task. That is especially true ...
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Los Documentos y formularios que prevemos para abrir y mantener su cuenta, Con Salem Five, son proporcionados en inglés.