Loan Types
Fixed Rates:
- Fixed Rate, Fixed Term – 30, 25, 20,
and 15 year terms Fixed Payments
- 5/25 & 7/23 The interest rate is lower for the initial term and increases once
for the remaining life of the loan
Government Backed:
- FHA 203(b)
- FHA 203(k) Rehabilitation
- VA
Adjustable Rate Mortgages:
- 1/1 The interest rate is reset each year based on a specific formula
- 3/1, 5/1 10/1 The interest rate is fixed for the initial term and and the end of the period converts to a traditional one year adjustable rate
© 2009, Campbell Mortgage. All rights reserved.
National Mortgage License Number: 56435
Tel 800-290-3521
Fax 203-933-4188