Purchase
Whether you will purchase a home for the first time, a
second vacation home, or move to a bigger home as your family and income
grow, choose the best mortgage choice for your unique situation. The
Barnett Brothers team works closely with you to determine the best mortgage
option that complements your financial picture.
Custom Home Loans offers a variety of mortgage loan options and programs, and we will help you chart the optimal course given both your current situation and future financial goals.
Some questions to ask:
1. When will I next move or refinance? Learn more
2. Which best describes my monthly income? Fixed/salaried or Variable/commissions Hide
Fixed or Salaried
A fixed or salaried monthly income usually fits best with either a fixed rate mortgage, an adjustable rate mortgage (ARM) or a hybrid ARM.
Variable, Commissions or Tips
Variable monthly income may fit best with a negative amortization loan. A negative amortization loans provides options for paying your monthly mortgage to fit the varying monthly income based on tips, commissions, or bonuses; it will have a 'full monthly payment' amount and a 'minimum monthly payment' amount. When the minimum amount is paid, the unpaid interest is added to the total loan amount. The borrower can pay the 'minimum monthly payment' amount, the 'full monthly payment' amount, or more as monthly cash flow allows.
Click here to see the Barnett Brothers approach to the loan process in detail.
