Learn How Investors Home Mortgage can make the process go smoothly

Purchasing a new home can be as stressful as it is exciting, but the representatives at Investors Home Mortgage will help reduce that stress by helping you find the perfect loan for your specific situation. With a wide variety of products, both fixed and adjustable, we will work with you. Whether it’s your first time purchasing a home, or you’re a more experienced homebuyer, Investors Home Mortgage will likely have what you’re looking for.

For when it might be time to get a new mortgage

There are many indicators that the time is right to refinance your home.  Let’s look at the possible reasons why it may be time to call your Investors Home Mortgage professional. 

An increase in your home’s equity:
If your home has increased in value, your home’s equity can be used to pay off other debts or improve your home.  This is called a cash-out refinance.

A reduced interest rate:
With interest rates near historic lows, now is a great time to refinance your home. By taking advantage of low rates you can reduce your monthly payments, giving you the ability to manage other debt or pay down the principal of your home.

Reduce your term:
Lower interest rates produce the possibility of switching to a shorter-term mortgage.  With a shorter-term, you’ll pay off your mortgage loan sooner and, with a lower rate, you may be designating more of your payments towards your principal balance.

Switch to a different loan type:
If you currently have an Adjustable Rate or a One-Step Loan, a reduced fixed rate may be desirable for you.  Switching to a fixed rate will guarantee more stability in your mortgage payment.

Mortgages tailored to you

Investors Home Mortgage offers a variety of programs and services to make your loan more affordable or more tailored to your situation. For example, a specialty program could be appealing to you if you live in a low or moderate income area, are purchasing your first home, need a large loan, are building a new home or renovating your current one, want a Reverse Mortgage, and more. Popular programs include our First Home Club, H.O.M.E. Affordable Mortgages, Buyers Best Mortgages, LLC Mortgages, and Co-Op Mortgages.

Fixed-Rate Mortgages

  • Consistent budgeting every month
  • Choose among 10-, 15-, 20- and 30-year terms
  • Interest rate never changes during mortgage term
  • 30-year is most popular; offers lowest monthly payment option

Adjustable-Rate Mortgages (ARM)

  • Conforming and jumbo ARMs available
  • Initial rates lower than standard fixed-rate mortgages that may qualify you for a higher loan amount
  • Lock in rate for 3, 5, 7 or 10 years
  • Good choice if moving or upsizing in a few years

First Home Club

  • May qualify for up to $7,500 assistance with closing costs and down payment
  • Application fee credited back as a closing cost discount
  • Matches as much as $4 for every $1 you hold in an Investors Bank Savings account

Bi-Weekly Mortgages

  • Discounted rate
  • Save money, build equity quicker
  • Reduces interest paid over life of the loan
  • Available on all Investors Bank Fixed-Rate Mortgages

Jumbo Mortgages

  • Discounted rate for jumbo loans larger than $424,100
  • Includes Bank Portfolio, Fannie Mae and FHA options
  • Discounted rates on Investors Bi-Weekly Fixed Mortgage programs up to $2 million
  • Super Jumbo available for up to $3 million

Fannie Mae (FNMA) Mortgages

  • Direct lender for Fannie Mae, a government-sponsored enterprise
  • Fannie Mae loans offered up to $636,150 in some areas on primary residences, second homes, and investment properties
  • Refinance with Home Affordable Refinance Program (HARP)
  • Fixed- or adjustable-rate loan options available

FHA Mortgages

  • Down payments as low as 3.5%
  • Flexible credit requirements
  • Co-signers and gift funds from family members allowed
  • Borrow up to $636,150 in certain areas

H.O.M.E. Affordable Mortgages

  • Available to low and moderate-income borrowers
  • Minimum down payments as low as 3%
  • Use for purchases, rate and term refinances, and cash-out refinances
  • Applies to 1-4 family owner-occupied homes, condos and Co-Ops in specific counties of New York and New Jersey

Buyer's Best Program

  • Utilized when building a new home
  • Lock in current rate for 18 months, with option re-lock if rates drop before loan closes
  • Offers flexibility – change mortgage program prior to closing

Co-Op Mortgages

  • As little as 10% down
  • Refinance existing Co-Op mortgage with 90% loan-to-value (LTV) ratio on rate and term and cash-out programs
  • Loans up to $3 million available

Reverse Mortgages

  • Available to homeowners aged 62 and older
  • No monthly payments of interest or principle required
  • Receive payments monthly, in a lump sum, credit line or combination of the three

LLC Mortgages

  • Protects personal assets
  • 15-year fixed and adjustable rates available
  • Primary residence or second homes
  • Available only in New York and New Jersey

Please Note: Web site authorization by the New York State Department of Financial Services is pending. Until this site is authorized, no mortgage loan applications for properties located in New York will be accepted through this site.

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