Mortgage Loan Calculator House Money flpalmbeach.com Martin Group Real Estate Team

We can guide you through the Mortgage Pre-Qualification and Procuring Process, plus refer Mortgage Loan Processors for you to meet. Call or Text the Martin Group: Doug at 561-339-3299 or Jason at 561-624-4544.

Most Common Types of Mortgages

Fixed-rate mortgages
A fixed-rate mortgage means your mortgage interest rate – and your total monthly payment of principal and interest – will stay the same for the entire term of the loan. This offers you consistency that can help make it easier for you to set a budget.

Adjustable-rate Mortgage (ARM)
Adjustable-rate mortgages (ARMs) have an interest rate that may change periodically depending on changes in a corresponding financial index that’s associated with the loan. Generally speaking, your monthly payment will increase or decrease if the index rate goes up or down.

Alternative mortgage options
Some eligible home buyers may qualify for an FHA (Federal Housing Administration) or a VA (Department of Veterans Affairs) loan. These loans tend to allow a lower down payment and credit score when compared to conventional loans.

First Find Out How Much Loan You Can Borrow

What You’ll Need to Request Pre-qualification Meeting

  • Contact info for you and any expected co-applicants
  • General loan details such as amount and property type
  • Your Social Security number for customizing your rates