Types of Loans

Conventional Loan
Best for borrowers with a good credit score
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Jumbo Loan
‍Best for borrowers with excellent credit looking to buy an expensive home
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Government-insured Loan
‍Best for borrowers who have lower credit scores and not much cash for a down payment
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Fixed-rate Mortgage
‍Best for borrowers who want the predictability of the same payments throughout the entire loan
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Adjustable-rate Mortgage
‍Best for borrowers who do not plan to stay in the home for a long time, and are comfortable with the risk of larger payments down the road

Refinance (Refi) Loan

A refinance, or "refi" for short, refers to the process of taking out a new loan to pay off one or more outstanding loans. Borrowers usually refinance in order to receive lower interest rates or to otherwise reduce their repayment amount.

Reverse Mortgage

A reverse mortgage is a loan. You are borrowing against your home equity. However, unlike traditional mortgages, with a reverse mortgage you do not have to pay back the money borrowed as long as you are living in the home. For many senior households, housing is usually the most costly expense as well as the most valuable asset. A reverse mortgage takes advantage of both of these facts. The loan enables you to eliminate ongoing mortgage payments, and for borrowers with sufficient home equity, access cash to use as needed or desired.

A reverse mortgage can be an ideal way to increase your spending power and financial security in retirement.Furthermore, the loans are flexible, have a low risk of default and are tax free.