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| Cash-Out
Refinance |
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| Commercial |
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| Construction |
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| Conventional
Loan |
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| Non-Owner
Occupied |
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| Owner-Occupied |
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| Rate
& Term Refinance |
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| Stated
Income / Stated Assets |
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| Sub-Prime |
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| VA |
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Rates last updated
on Sunday, April 2, 2006
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Cash-Out Refinance
Your home is your number one investment that can provide
you with a source of cash when you need it. Often when
refinancing their current mortgage, many people consider
taking "cash-out" for home improvements, vacations,
weddings, to payoff other debts or to invest. If you
are also refinancing at a lower rate at the same time,
your payments may not go up or they may even decrease!
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Commercial
Commercial loans which are related to real property
are available for projects up $1,000,000. We have financing
for properties and businesses that many lenders will
not entertain.
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Construction
A short term interim loan to pay for the construction
of buildings or homes. These are usually designed to
provide periodic disbursements to the builder as he
progresses.
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Conventional Loan
A mortgage not insured by FHA or guaranteed by the VA.
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Non-Owner Occupied
For members who would like to own investment property,
we offer fixed rate, non-owner occupied property mortgages.
Fixed Rate Loans, by their very nature, are the most
stable of all mortgage loans. With interest rates, term
and payments fixed over the life of the loan, homeowners
can rely on knowing exactly what their housing costs
will be each and every month.
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Owner-Occupied
Alston Mortgage offers 15 and 30-year fixed Vacation
and Second Home Mortgage Loans for your convenience.
Request an Application!
No prepayment penalties. This is a significant feature
of ALSTON MORTGAGE - we have no prepayment penalties
associated with our fixed mortgage loans.
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Rate & Term Refinance
Rate & Term refinance improves your term on a loan and/or
lowers your interest rate today's current rates.
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Stated Income / Stated Assets
Stated Income Mortgage Loans are the most commonly used
and least expensive product in the reduced or no documentation
suite of programs. A Stated Income Mortgage Loan is
often the perfect choice if you have verifiable employment
(self employment is fine) and assets but your verifiable
income is just a little low for what you want to do.
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Sub-Prime
Sub-Prime programs are designed to provide additional
financing options borrwoers who may not qualify for
traditional programs.
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VA
A long-term, low-or no-down payment loan guaranteed
by the Department of Veterans Affairs. Restricted to
individuals qualified by military service or other entitlements.
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Unless otherwise indicated,
these APR calculations are based on the following: Conforming
loans (whose maximum loan amount is below $417,000 for
the contiguous states, District of Columbia, and Puerto
Rico or below $625,500 for Alaska, Guam, Hawaii and
the Virgin Islands) are calculated based on a loan amount
of $322,700 with closing costs of $6,454. Jumbo Loans
(whose maximum loan amount exceed $417,000 for the contiguous
states, District of Columbia, and Puerto Rico or exceed
$625,500 for Alaska, Guam, Hawaii and the Virgin Islands)
are calculated based on a loan amount of $1,000,000
with closing costs of $20,000. Your actual APR may be
different depending upon these factors. |
