OA Real
Estate offers Mortgage programs for Homebuyers
We utilize a series of investors and
banks in order to find the most aggressive loan
programs that can help both first time buyers
and long time owners find financial solutions in
today's changing and competitive market.
Should you Refinance? Consider this
discussion of strategies in a low interest rate
market by some financial experts who point out
the tax advantages of using leverage in Real
Estate: Leverage Strategy PDF. |
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Credit is Key |
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Interest Rates |
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Your
FICO score determines your loan program
The importance of a good FICO score cannot be
understated. This establishes your ability
to obtain cheaper credit and to set boundaries
for the types of mortgage programs you can use.
See our credit
page for how OA can help you correct your score
or even enhance it before you purchase real
estate.
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Careful with that Loan!
Interest rates are determined by the
market but most consumers notice that the market
may say one thing and then the bank says
another. Only a few years ago adjustable
rates were a prime product for finance companies
to offer because the monthly payments were rock
bottom. Others offered fixed rates and
even others offer option programs where you
choose whether to pay a fixed rate or a variable
rate.
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l Fixed v.
Adjustable
Strategies for affodable housing |
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Fixed rates offer certainty
In recent years, fixed rates and
adjustable rates have come closer
together making choosing the right loan
very difficult. Consumers have to
choose whether or not it is wiser to
refinance periodically or hang on to a
stable and predictable loan that may
cost more at the end. |
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Adjustable rates offer low cost
Adjustable rates offer lower
costs, but that difference isn't as
enticing in recent years as it has been
in the last 5 years. Now, rates
are very close and consumers are faced
with a tougher choice when it comes to
evaluating risk in our low interest rate
markets. |
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