Fixed Rate Mortgages 30 year fixed 20 year fixed 15 year fixed 10 year fixed The monthly payment is fixed and the rate is protected against interest and monthly payment increases. Interest Only Mortgages 10/25 Interest only payments allow you to pay the minimum payment or as much as you want to pay towards principal. With this program you can pay a substantial amount of principal in a short period of time. Adjustable Rate Mortgages 1/1 ARM 3/1 ARM 5/1 ARM 7/1 ARM Adjustable rate mortgage allows a lower initial monthly payment. Rates are fixed for a period of time and then adjusted. (Great if you are only going to stay in your home for a certain period of time.) Private Investor Mortgages Interest Only Construction Loans Fixed Rate Mortgages Private investor loans close quickly, and require less documentation. Stated Income/Asset Mortgage 30 year fixed 20 year fixed 15 year fixed Interest Only This is a program that will not require you to show proof of income or assets. This program will also give you fast approval. (Great for a self-employed borrower.) Home Equity Line of Credit Interest Only Fixed Payments Bridge loan A home equity line of credit is typically a second mortgage. A borrower is using the equity out of their home for debt consolidation, purchase automobiles, and home remodeling. Interest paid on this loan is tax deductible.