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EAI Mortgage Group offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:

Fixed-Rate Mortgage:  The most common loan is the traditional fixed-rate mortgage.  This type of loan typically has a higher interest rate than a variable rate mortgage because it offers the security of knowing exactly what your payments will be for the long term.  These type of loans are usually for a term of 30, 20 or 15 years.  If you like the stability of knowing and planning exactly how much you will pay each month, this is the type of loan best suited for you.

Adjustable Rate Mortgage:  Adjustable Rate Mortgages, (ARM) have become popular due to its initial low interest rate.  The ARM allows buyers to qualify for a more expansive home because the payments are usually lower.  The interest rate for an ARM is tied to the index rate.  This interest rate rises and falls depending on the index.  Your monthly payments can increase or decrease accordingly.  ARMS are usually available in one, three, five and seven year increments.

Interest Only:  These type of loans allow the borrower to decide when and how much principal is to be paid.  This program usually results in lower montly payments and the ability to qualify for a more expensive home.

 



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $359,650 with closing costs of $7,193. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.