Apex Mortgage offers several types of home loans to meet your unique situation. Whether you have perfect or less than perfect credit, Apex Mortgage will work with you to determine the best loan for your specific financial needs. We offer the following types of loans:
Adjustable Rate Mortgage (ARM)
Debt Consolidation
Fixed-Rate Mortgage
Home Equity Line of Credit (HELOC)
Interest-Only
Purchase Loan
Refinance If you know the loan that you want, Get Pre-Approved! For more information, please Contact Us. | Adjustable Rate Mortgage (ARM) | A mortgage with an interest rate that changes periodically. The interest rate is based on a pre-selected index. The amount of the borrower’s monthly payment changes as the interest rate changes.
«Back to Top» | | Debt Consolidation | A loan which combines several bills into one low interest home loan with one low monthly payment. For example, high-interest credit cards and car loans can be combined into a new, low interest home loan. This type of loan can save the borrower hundreds – maybe even thousands – of dollars each month.
«Back to Top» | | Fixed-Rate Mortgage | A mortgage with an interest rate that remains the same throughout the entire term of the loan. A Fixed-Rate Mortgage has a fixed monthly payment.
«Back to Top» | | Home Equity Line of Credit (HELOC) | The borrower either receives a large sum of money or has an open line of credit that can be accessed as needed. The amount of the loan depends on the available equity in your home. HELOC loans can be used for home improvements or other large purchases. The interest rate is usually lower than other traditional loans.
«Back to Top» | | Interest-Only | The borrower pays only the interest each month, with the option to make higher payments to reduce principal. There are a variety of options with Interest-Only Loans. For example, a borrower might make interest-only payments during the first 3, 5, or 7 years before the loan converts into a mortgage where the borrower begins to pay principal. These loans have the lowest monthly payments.
«Back to Top» | | Purchase Loan | A generic term for a loan to purchase a home. There are many options available, including Fixed-Rate Mortgages, Adjustable Rate Mortgages (ARM), and Interest-Only Mortgages.
«Back to Top» | | Refinance | A borrower who currently owns a property may take out a new mortgage in order to pay off another mortgage on the property. This is called a Refinance or REFI loan.
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