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With one of the most diverse and extensive product lines in the industry, we have mortgage products to fit a variety of home financing needs. We’ve listed some of the most popular here. For more information, you can schedule a complimentary, no-obligation consultation with one of our Home Mortgage Consultant.
Interest Only Feature
- Lower monthly payments consisting only of interest for an initial period1
For homebuyers with the following consideration points:
- Homeowners looking to increase their short-term cash flow
- Homeowners who intend to move or refinance within a few years
Jumbo Loans
- Mortgage amounts in excess of the conforming loan limit set by Fannie Mae and Freddie Mac
- Also known as non-conforming loans
- Typically carry higher interest rates
For homebuyers with the following consideration points:
- Homebuyers who need financing to purchase a more expensive property
- Investment-minded buyers who can make a large purchase, but want to leverage their assets more effectively
Blended Jumbo Loan
- A fixed-rate loan up to the conforming loan limit, combined with an adjustable-rate second mortgage to cover the rest of your home purchase
- Lower monthly payments than with a regular jumbo loan for the same total amount
For homebuyers with the following consideration points:
- Buyers who want a jumbo loan amount with lower monthly payments
Private Mortgage Banking
- Mortgage-financing solutions that complement your wealth-management strategies
- Personal attention from an expert empowered to manage your financing, from application through closing
- A dedicated customer-service line for loan servicing
For homebuyers with the following consideration points:
- High net-worth individuals needing distinctive home-financing solutions
- Customers with complex financial situations
Lender-Paid Mortgage Insurance
- Bypasses mortgage insurance costs when loan-to-value ratio is more than 80%
- Money that would have gone to mortgage insurance goes instead to tax-deductible interest payments2
For homebuyers with the following consideration points:
- Homebuyers without enough cash for a large 20% down payment
- Homeowners who plan to move or refinance within 10 years
Renovation Loans
- Finance your home purchase and the money to improve it with just one loan
- The amount of money you are permitted to borrow for purchase and renovations is based on the increased value of the home after improvements are made
- Start making improvements immediately after closing
- The renovation costs are spread throughout the entire term of the loan, so your monthly payments may be lower than other financing options
For homebuyers with the following consideration points:
- Need extra financing to improve newly purchased property
- Want to avoid going through the hassle of getting two separate loans
Refinancing
- It may be possible to refinance to a lower rate that is more beneficial in the long term.
- Broad range of programs available
For homebuyers with the following consideration points:
- Homeowners looking to reduce their monthly payments, shorten their loan term, or consolidate debt, or eliminate mortgage insurance costs
Investment Property Financing/Vacation Homes/Second Homes
- Single-family, multi-unit, condos, condotels, co-ops and planned unit developments
- Home repairs or remodels may be included in loan amount
For homebuyers with the following consideration points:
- Those who want to purchase "fixer upper" properties, rental properties, or a vacation home
- Homeowners looking to use the equity in their current home to purchase an investment property or vacation or second home
1 The Interest-Only payment feature will allow you to make minimum interest payments for a set period of time, then full principal-and-interest payments for the rest of your loan/line term. At the end of the interest-only period, you will be required to pay down the outstanding principal, which will increase your monthly payment, possibly substantially, even if you have a fixed interest rate. Always consider making more than the minimum payment during the interest-only period to begin reducing principal. Depending on the product specifics, a loan/line with the Interest-Only payment feature may result in higher interest rates or Annual Percentage Rates than a traditional mortgage product.
2 Consult your tax advisor regarding the deductibility of interest.
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