Preferred Financial Group

"We listen, we educate, then we perform like no one else in the industry."

 

Loan Programs

 

Conforming Loans
Conforming loans represent home loans/mortgages that meet specific underwriting guidelines as set forth by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

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Jumbo Loans
Jumbo loans represent any loan that has an original loan balance above the conforming loan limit ($417,000 currently). Find out why these loans demand interest rates higher than conforming loans and why that interest rate differential is narrowing.

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Fixed Rate Mortgages
Regardless of fluctuating economic activity, once a fixed interest rate is established, it will not change over the entire term of the loan. What loan terms are typically available and can they be customized?

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Adjustable Rate Mortgages
Adjustable rate mortgages change in response to fluctuating economic activity. Learn how to evaluate and compare adjustable rate mortgages.

 

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Intermediate Adj. Rate Mortgages
In actuality, the intermediate adjustable rate mortgage is a hybrid of the best features of a fixed rate loan and an adjustable rate loan. Find out if they might be the right choice for you.

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Interest Only Loans
Interest only loans provide for lower monthly payments than fully amortized loans.

 

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Home Equity Line of Credit
Using the equity in your home can be hazardous to your health, your financial health, that is. What are the pitfalls and benefits?

 

 

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Stated Income Loans
Virtually Extinct - However there is a new program that uses bank statements to calculate income on self-employed borrowers.

 

 

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Home Style Renovation Loans
Just like it sounds. This is a refinance that allows you to pull cash to renovate your home.

 

 

 

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Sub Prime Loans
Sub prime loans are credit risk driven and carry interest rates higher than more conventional loans, sometimes substantially higher. As a borrower, you need to exhaust all other loan possibilities before succumbing to a sub-prime loan. Find out why.

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Bridge Loans
Bridge loans fill a short term gap in a borrowers’ need for funds. They’re easy to define but harder to find.


 

 

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Reverse Mortgages
Give a homeowner an opportunity to turn equity into cash without any obligation to repay the lender as long as the borrower continues to reside in the property.

 

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