Types
What kind of loan program is best for you?
Should you get a fixed-rate or adjustable-rate mortgage? A conventional or a government? Foreign National? Non-Qm? Investment? Deciding which mortgage product is best for you will depend largely on your unique circumstances, and there is no one correct answer.
Fixed Rate Mortgages (FRM)
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.
Adjustable Rate Mortgages (ARM)
Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. Typically, these loans carry a fixed-interest rate for a set period of time before adjusting.
FHA Loans
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment and lower credit score with some derogatory situations.
Foreign National & ITIN
Loans for not United States citizens, they can obtain mortgage loans in this country (FRM or (ARM). This group of people will not qualify for Fannie, Freddie and FHA mortgages
Ferrari Lending appreciate your interest in our mortgage services. To help us better understand your unique mortgage needs and provide you with tailored assistance, we kindly request that you send us a brief message outlining what you are looking for in a mortgage. Please include your name, email, and phone number so that our team can reach out to you promptly. Whether you're seeking information on interest rates, down payment options, or any other mortgage-related inquiries, your message will assist us in providing you with the most relevant and helpful guidance. We look forward to hearing from you and assisting you on your journey to securing the ideal mortgage for your goals.
I represent clients who authorize me to do so. I do not work for or represent the interest of any mortgage lender or other duly authorized entity to whom I may submit a mortgage application on behalf of a Client. My services are provided in a Mortgage Broker capacity and I am not authorized to approve or deny a mortgage loan request. NMLS 1691763 / NMLS 1322774