Fixed Rate Mortgage
Fixed rate products - The rate and term are fixed for a specific period of time (10, 15, 20, 30 years). Payments are due monthly and remain the same throughout the life of the loan. Click here to find out how a fixed rate mortgage can benefit you.

Adjustable Rate Mortgage
Adjustable rate mortgages (ARMs) - The term is fixed, but the rate adjusts at designated intervals to a set index plus a margin. Payments are due monthly, and change when the rate is adjusted. Click here to find out how an adjustable rate mortgage can benefit you.

Hybrid Mortgage
Hybrid products - The term is fixed. The initial rate and mortgage payments are fixed for a longer period, before a rate adjustment, than standard Arms. A onetime adjustment at a designated interval occurs for the rest of the term (Unless the product converts to a new ARM product). These products usually have one or more of the following features: (a) Annual cap (b) Lifetime cap (c) Margin (d) Index. Click here find out how a hybrid mortgage can benefit you.