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Programs
We offer a variety of
home loan programs. Understanding that every customer
has a different financial situation, Fidelity Financial
Group, Ltd. has many loan programs that meet the individual
needs of each customer. Our goal is to place the customer
in a loan program that works best for them and their
financial situation.
Listed below are the names
and a brief description of the programs we offer. Please
read each description carefully and let us work with
you to choose the loan program that will work best for
you!
| Programs: |
Fixed Rate
Mortgages: |
| 30 year
fixed |
Monthly payments
are fixed over the life of the loan |
| 20 year
fixed |
Interest rate remains
the same throughout the life of the loan |
| 15 year
fixed |
Refinance options
are available if rates decline |
| Programs: |
Adjustable
Rate Mortgages: |
| 10/1
ARM |
Lower initial Monthly
payment |
| 7/1 ARM |
Rates may rise or
decline, payment reflects rate |
| 5/1 ARM |
Qualifying for higher
loan amounts may be easier |
| 3/1 ARM |
|
First Time Buyer
Programs:
- Qualifying can be easier
- Lower down payment
required
Stated Income
Programs:
- very little income
verification is needed
- approval time is generally
faster
Less-than-Perfect
Credit Programs:
- can use to reestablish
credit when payments are made on time
- potential to use funds
to consolidate debt and lower monthly payment
Home Equity Line
of Credit:
- Borrow only what you
need
- Flexible access to
funds
- Pay interest only
on amount you borrow
- Interest could be
tax deductible
Home Equity Fixed
Loan:
- Fixed payments
- Interest may be tax
deductible
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