Miami Online Home Loans

Living in Miami, Florida has so much to offer. Tropical weather, mild winters, lovely beaches, a thriving night life, a diverse community, and great food are some of what you can find in this bustling city. Home prices have been increasing sharply the last several years, therefore loan financing continues to play an important part in the local economy. We'll examine some Miami Online Home Loans you can apply for today!

Adjustable Rate Mortgages - affording a new home is easier these days as variable rate mortgages or ARMs continue to grow in popularity. Interest rates on your ARM can be as much as one percent lower than what you would pay for a fixed rate loan. Rates are generally locked in for the first few years of a loan and then change as they are pegged to rates determined by the government.

Introductory Rate ARMs - Miami Online Home Loans are also available as Introductory Rate ARMs. Usually with these loans, the rate is extra low for a predetermined amount of time. This lets home buyers, like you, get more house for the money.

Balloon Mortgages - Balloon loans are short term mortgages that have some features of a fixed rate mortgage. Usually the rate is extra low for a period of time. At the end of that time, rates jump up and the loan is effectually