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Mortgage Company
Apply For A Mortgage Loan
Mortgage Loan Application
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Mortgage Loan Programs
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 The Basics of Private Mortgage Insurance (PMI)
Imperfect Credit
Debt Consolidation
 
Debt Consolidation
Debt To Income Ratio?
Cash Loan
Mortgage Loan Process
FAQ's
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Our Maryland, Florida & Virginia mortgage programs include a variety of financing options and competitive interest rates
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We specialize in helping homeowners repair their credit and consolidate their debt.
Which loan is right for me?
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1-3 Years
3/1 ARM, 1 year ARM or 6 month ARM
3-5 Years
 5/1 ARM
5-7 Years
 7/1 ARM
7-10 Years
 10/1 ARM, 30 year fixed or 15 year fixed
10+ Years
 30 year fixed or 15 year fixed
Loan Programs Advantages Disadvantages
Fixed Rate Mortgages
30 year fixed loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Interest rate does not change
15 year fixed Monthly payments are fixed over the life of the loan maryland_mortgage_companies_maryland_refinance_maryland_mortgage_companies Protected if rates go up
maryland_mortgage_companies_maryland_refinance_maryland_mortgage_companies Can refinance if rates go down
maryland_mortgage_companies_maryland_refinance_maryland_mortgage_companies Higher interest rate
maryland_mortgage_companies_maryland_refinance_maryland_mortgage_companies Higher mortgage payments
maryland_mortgage_companies_maryland_refinance_maryland_mortgage_companies Rate does not drop if interest rates improve
Adjustable Rate Mortgages
10/1 ARM loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Lower payment over a shorter period of time
7/1 ARM loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Rates and payments may go down if rates improve
3/1 ARM loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender May qualify for higher loan amounts
1 year ARM loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender More risk
6 month ARM loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Payments may change over time
1 month ARM
Lower initial monthly
payment 		loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Potential for high payments if rates go up
Balloon Mortgages
7 year
 loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Lower payment over a shorter period of time
5 year Lower initial monthly payment loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Many balloon mortgages offer the option to convert to a new loan after the initial term.
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Risk of rates being higher at the end of the initial fixed period
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Risk of foreclosure if you cannot make balloon payment or if you cannot refinance or if you cannot exercise the conversion option
First Time Buyer Programs
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Lower down payment
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Easier to qualify
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Sometimes you may get lower rate
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender May be subject to income and property value limitations
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Some programs which have government subsidies may have a recapture tax if you sell the house too early.
Stated Income Programs
  maryland_mortgage_company_mortgage_companies_maryland_refinance Don't need to verify income
  maryland_mortgage_company_mortgage_companies_maryland_refinance Faster approval
  maryland_mortgage_company_mortgage_companies_maryland_refinance Higher rates
  maryland_mortgage_company_mortgage_companies_maryland_refinance Higher down payment
No point, No fee Programs
  maryland_mortgage_company_mortgage_companies_maryland_refinance No closing costs
  maryland_mortgage_company_mortgage_companies_maryland_refinance Less money required to close
  maryland_mortgage_company_mortgage_companies_maryland_refinance Higher rates
  maryland_mortgage_company_mortgage_companies_maryland_refinance Higher payments
Imperfect Credit Programs
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Potential for reestablishing credit if you pay your mortgage on time.
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender When used for debt consolidation, you may be able to reduce your monthly debt payment
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Higher rates
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Terms may not be as favorable
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Harder to get long term fixed loans
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Loans may have prepayment penalties
Home Equity Line of Credit
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender You only borrow what you need
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Pay interest only on what you borrow
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Flexible access to funds
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Interest may be tax deductible
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Rates can change. The maximum interest rate is normally high.
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Payments can change
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Harder to refinance your first mortgage
Home Equity Fixed Loan
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Fixed payments
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Interest may be tax deductible
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Higher interest rates than on 1st mortgages
  loans_lenders_mortgage_loans_debt_consolidation_cash_loans_home_equity_Atlantic_lender Harder to refinance your first mortgage
Besides our standard loan programs, we also have a large number of unique programs to serve your needs:
 
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 Purchase a house with 0 down
 
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 Piggyback loans 80-10-10 or 80-15-5. No PMI payments even with 5% or 10% down.
 
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 Debt consolidation programs
 
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 Home Improvement loans
   
Qualify even if you may have been turned down before!
 
Home Apply Now Mortgage FAQ Contact Us
 
Maryland, Florida and Virginia Mortgage Companies
Specialiazing in Personal Home Loans, Debt Consolidation & Refinance
 
1st Atlantic Mortgage, LLC
Toll Free: (877)580-2006
info@1atlanticmortgage.com