Americana Mortgage Group Home | About Us | Contact Us
need help?

(888)-262-6685

Custom Loan Quote
First Name
Last Name
Email
Phone
Loan Amount
MMG Report
In The News...
The big foreclosure problems that occurred after the Great Recession seem to be easing in the past few years as the housing sector continues on its road to recovery. Leading global property information, analytics and data-enabled services provider...
Loan Options
  • Fixed Rate Loans—An excellent way to lock into a low interest rate for the life of your loan.

  • Adjustable Rate Mortgages (ARMs)—The flexible loan, with lower initial rates and payments.

  • Initial Fixed Rate Loan—Start with a rate generally lower than standard fixed rate loans.
30 Year Fixed Rate
Appropriate for borrowers who: Loan Parameters
•  Plan to live in the property over 10 years
•  Like total payment stability
•  Interest rate & monthly payment remain the same for 30 years


15 Year Fixed Rate
Appropriate for borrowers who: Loan Parameters
•  Plan on staying in property over 10-15 years
•  Want to pay off property faster than 30 years
•  Lower interest rate than 30 year loan
•  Interest rate & monthly payment remain the same for 15 years


10/1 Year semi-fixed
Appropriate for borrowers who: Loan Parameters
•  Plan to live in property approximately 10 to 12 years
•  Like initial payment stability; can accept interest rate change later
•  Interest rate & monthly payment fixed for the first 10 years
•  Starting the 11th year, interest rate adjusted every year, therefore, payment is subject to change every year for remainder of loan


7/23 (2-Step) or '30/7 + 23'
Appropriate for borrowers who: Loan Parameters
•  Plan to live in property approximately 7 to 8 years
•  Can handle one payment adjustment
•  Interest rate & monthly payment fixed for the first 7 years
•  Conversion option: On the 8th year, interest rate adjusted to reflect prevailing fixed interest rates. Resulting payment will remain the same for remainder of loan


7/1 Year semi-fixed rate
Appropriate for borrowers who: Loan Parameters
•  Plan to live in property approximately 7 to 8 years
•  Like initial payment stabilityand can handle change later
•  Interest rate & monthly payment fixed for the first 7 years
•  Starting the 8th year, interest rate adjusted every year, so payment is subject to change every year for remainder of the loan


5/25 (2-Step) or '30/5 + 25'
Appropriate for borrowers who: Loan Parameters
•  Plan to live in property approximately 5 to 6 years
•  Can handle one payment adjustment
•  Interest rate & monthly payment remain fixed for the first 5 years
•  Conversion option: On the 6th year, interest rate adjusted to reflect prevailing fixed interest rates. Resulting payment will remain the same for remainder of loan


5/5 & 5/1 Year semi-fixed rate
Appropriate for borrowers who: Loan Parameters
•  Plan to live in property approximately 5 to 6 years
•  Like initial payment stability, can accept later changes
•  Interest rate & monthly payment remain fixed for the first 5 years
•  Starting the 6th year, interest rate adjusted every 5 years(for 5/5 ARM) and every year (for 5/1 ARM)


3/3 & 3/1 Year semi-fixed
Appropriate for borrowers who: Loan Parameters
•  Plan to live in property 3 years or less
•  Like initial payment stability, can accept later changes
•  Interest rate & monthly payment remain fixed for the first 3 years
•  Starting 4th year, interest rate adjusted every 3 years (for 3/3 ARM) and every year (for 3/1 ARM)


Adjustable rate loans
Appropriate for borrowers who: Loan Parameters
•  Want to take advantage of lowest rate possible
•  Are willing to accept yearly payment changes OR
•  Cannot qualify at higher rate programs
•  Interest rate adjusted every year, so monthly payment is subject to change every year for entire 30 year loan term
•  Potential higher payments (at maximum interest rate)
  Americana Mortgage Group
NMLS# 22338
1615 Northern Boulevard, Suite 404
Manhasset, NY 11030
Phone (888) 262-6685
Fax (516) 627-0229

State Licensing Information|Privacy|Legal|Patriot Act
Equal Housing Opportunity


All content 1999- MorSystems™ All rights reserved.
Account login
 
Americana Mortgage Group - Site Map

Homebuying Center
Mortgage and lending information for purchase and home buying loans.
Refinance Center
Mortgage and lending information for refinance loans.
Home Equity Center
Mortgage and lending information for home equity loans.
Learning Center
Mortgage, lending, and credit information.
Less Than Perfect Credit
Learn how credit scoring works and how you can improve your credit score.
Financial Calculators
Financial, mortgage and lending calculators.
Commercial Loans
Commercial loans programs and information.
Construction Loans
Commercial loans programs and information.
Interest Only Loans
Interest only loan programs and information.
Relocation Loans
Relocation loan programs and information.
About Americana Mortgage Group
-
Mortgage Options & Programs
-
In The News!
-
Loan Agents
The best loan agents.
Staff
Our Staff Members.
Realtors
Our favorite real estate agents.
Cities we serve
New York, New Jersey, Connecticut, Florida
102 | 12

Mortgage web site design powered by MorSystems. Get your own mortgage website at MorSystems.com. Free trials for all mortgage websites.