RI and J Finacial Inc.
Financing Real Estate South Florida
Plam Beach County and Broward County
Financing Loan Programs, Real Estate Bad credit loans on single
Details 561 392 2450
Fixed Rate Mortgages
The most common type of mortgage program where your monthly payments
for interest and principal never change.
Adjustable Rate Mortgages (ARM)
These loans begin with an interest rate that is lower than a comparable
fixed rate mortgage, but the rate changes at specified intervals.
Standard ARMS and the Differences
Choosing an ARM with an index that reacts quickly lets you take
full advantage of falling interest rates.
Introductory Rate ARM's
Most ARM's have a low introductory rate, which is good anywhere
from 1 month to as long as 10 years.
London Inter Bank Offered Rate (LIBOR)
LIBOR is the rate on dollar-denominated deposits, also know as Eurodollars,
traded between banks in London.
Short term mortgages that have some features of a fixed rate mortgage.
Interest Rate Buydowns
The buyer would pay points above current market points in order
to pay a below market interest rate during the first two years of
the loan. At the end of the two years they would then pay the old
market rate for the remaining term.
Cost of Funds Index (COFI)
The ratio of the dollar amount paid in interest during the month
to the average dollar amount of the funds for that month constitutes
the weighted average cost of funds ratio for that month.
Graduated Payment Mortgage (GPM)
With a GPM the payments are usually fixed for one year at a time.
The right type of mortgage for you depends on many different factors.
Or, Apply Now!
Bancplus Home Mortgage Center | 2699 E Oakland Park | Ft. Lauderdale,
Tel: 954.568.2787 ext 127
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