Our mortgage specialists will help you decide which rate and mortgage types will be the most beneficial. Here are some basics:

Fixed Rate


Because they have predictable payments with unchanging interest rates, fixed rate loans work well for those who anticipate being in the home for a long time.

  • Typically available in 15 and 30-year terms.
  • The longer the term, the smaller the monthly payment - but you'll pay out more over the life of the loan because of interest.
  • The shorter term loans have better interest rates, are paid off quicker and cost less over time.


Adjustable Rate


If you know you’ll be moving in 3 to 10 years, the newly improved adjustable rate mortgage (ARM) can be a good choice. ARMs initially offer low interest rates, which keep your monthly payment low. Years later (you choose how many years), the rate adjusts up or down depending on the current interest rate.

Our friendly mortgage professionals are here to help. Contact Alicia Bowen, Karla Davis, Jessica DiStefano or Marie C. Bautista at 757-877-2444.

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  • Marie C. Bautista Mortgage Specialist