Founded over two decades ago, Rapid Response Mortgage Services is a full-service mortgage brokerage firm committed to providing you with honest, dependable and successful mortgage solutions.
Interested in a new loan or need mortgage assistance in this challenging time? We’re here to help.
Your personal financing needs are unique, and although some of the more common options are listed below, it is in your best interest to speak with us directly. For more information, please contact us today.
Fixed-Rate Mortgages
With a fixed rate mortgage, payments for the interest rate and the principal remain fixed over the life of the loan. As a result, monthly loan payments stay the same over the life of the loan. Taxes, however, may change according to your local or state tax laws.
Adjustable Rate Mortgages
With an adjustable rate mortgage (ARM), the interest rate is fixed for a certain number of years. Afterwards, the rate goes up or down periodically based on an economic index, which lenders use as a benchmark for interest rate adjustments.
FHA Loans
An FHA loan is a mortgage secured by the Federal Housing Administration (FHA) which requires a down payment as low as 3% of the purchase price. FHA loans are designed to make purchasing a home more affordable than it would be with a conventional loan, especially for the first-time home buyer.
Refinancing
Refinancing may be right for you if you need to borrow a larger sum of money. With refinancing, you pay off your current mortgage loan with the proceeds from a new loan. Consider refinancing when you can gain a lower interest rate, shorten the term of your loan, or want to get cash out of your property's equity.