Understanding Your Income and Expenses
To create an accurate budget, you must understand your income and expenses. Many people think they know how much they are spending month-to-month on various ...
Home Purchase
Fixed-Rate Mortgage
With a fixed rate mortgage, your principal and interest payments stay the same for the life of the loan—a good choice if you’re planning to stay in your home for a long time. Choose from varying year terms, such as 30 year or 15 year.
Adjustable-Rate Mortgage
Adjustable rate mortgages (ARM), also known as variable rate mortgages, have varying terms to maturity where your interest rate and monthly principal and interest payments remain fixed for the initial pre-determined period of time, once the fixed period expires the interest rate adjusts annually based on a rate index.
Jumbo Loans
For loans over $510,400, we offer jumbo mortgages, also called non-conforming loans. Jumbo financing options include fixed and adjustable rate mortgages, with a range of terms to accommodate your immediate and long-term financial plans.
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Other Articles of Interest
How a Smart Home Can Save You Money
Smart homes have become increasingly popular due to their convenience, comfort, and security benefits. However, one of the most significant advantages ...
Furnishing Your New Space
Furnishing a new home or a new apartment can be stressful, especially if you don't have a plan. There are multiple factors to consider ...
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Los Documentos y formularios que prevemos para abrir y mantener su cuenta, Con Salem Five, son proporcionados en inglés.