When you work with InterContinental Capital Group, you get options
Searching for a home can be an exhilarating adventure full of hope and potential. When you're still in the hunting and daydreaming phase, the possibilities tend to seem endless. Whether you're looking for a ready-made dream home or hoping to refinance so you can transform your current property, the options are there just waiting for your perusal.
Once you get to the actual purchasing or refinancing stage, though, matters become a bit more complicated. In fact, they can be downright nerve-racking at times. What's the first step you should take? What are lenders looking for in a potential borrower? Where do you go from there? At InterContinental Capital Group, we're here to walk you through the entire process, making the journey from a castle in the air to a tangible home in the perfect location as simple as possible.
Types of Loans Available
Just as you'll find a variety of homes within your eligibility parameters, you'll also have an array of loans from which to choose. For many borrowers, this leg of the journey is even more confusing than the initial three steps involved in the loan qualification process. We work directly with our borrowers rather than bringing a middle-man into the picture. As such, we can offer you a variety of options where loans are concerned.
FHA Mortgage Loans
Federal Housing Administration loans are generally offered with less stringent guidelines than the conventional alternatives. Lower credit score requirements are in place for these loans, and borrowers can benefit from smaller down payments and lower insurance rates as well as a number of other advantages. FHA loans give lower-income families and those with less-than-perfect credit histories a better chance of purchasing a home.
Fixed-rate conventional mortgages allow you to lock in indefinitely on the rates at the time of acquiring your loan. You'll always know exactly what your monthly payment will be, and if you borrow when rates are low, you could save a considerable amount of money throughout the life of the loan.
With an adjustable-rate mortgage loan, the interest rates at the time of your new home purchase or refinance will be locked in for a specified number of years. Once this period ends, your interest rate will fluctuate depending on the current market. Many borrowers tend to shy away from this type of loan, but it could be a good option for you if you don't intend to stay in the home for more than a few years or you're refinancing a current loan.
Home Loans designed to fit your specific situation
Of course, a number of different options apply to all common loan types. Our team of professionals will speak to you on an individual basis to help find the mortgage program best suited to your particular situation. Feel free to fill out the form provided on our website to get started, chat online with a live representative, or you can call one of our offices for more information. Let our mortgage experts at InterContinental Capital Group help you find the loan of your dreams to purchase or refinance your home.