LuxuryMortgage Products

Loan Products

Aggressive Pricing

Luxury Mortgage offers a wide array of mortgage products from adjustable rate mortgages and fixed rate mortgages to construction loans. As a mortgage lender, we have the ability to set customized pricing based on mortgage programs structured to suit your individual needs. We have the power to lock in your rate, approve, underwrite and close your loan. One team can do it all. 

Fixed Rate Mortgage:

This is the most common mortgage where: Your monthly payments including interest and principal never change. Fixed rate fully amortizing loans have two distinct features: (1) the interest rate remains fixed for the life of the loan and (2) the payments remain level for the life of the loan and are structured to repay the loan by the end of the loan term.

Adjustable Rate Mortgage (ARM):

This is a mortgage in which the initial interest rate is fixed for an initial period and is adjusted thereafter based on a pre-selected index. For example, on a 3 yr-1 ARM, the interest rate is the same for the first 3 years and will adjust periodically thereafter. Typical ARM mortgage products offer an initial fixed rate option ranging from one year to 10 years and all are amortized over a standard 30 year period.

Interest Only Mortgages:

Looking for a mortgage with the lowest possible payment? Planning on moving or refinancing in a short period of time? You may want to consider a mortgage that offers an interest only payment and allows you to qualify for a higher loan amount, while maintaining your monthly liquidity. You pay interest only for 10 years and then the loan becomes fully amortized for the remaining 15 or 20 year term. If you choose, you can pay as much towards the outstanding principle amount at any time with no pre-payment penalties.

Construction to Permanent Mortgages:

Planning on building a new home or remodeling your existing home? This mortgage program offers a one time closing for the construction loan and the permanent loan, which saves you both time and money. The closing costs are paid up-front, then once the home is completed the loan is modified to a permanent loan. The loan is interest only during the construction period and you can choose a one time funding or two time funding option. The one time funding option is a 7-year term ARM mortgage –– interest only during the construction period at the 7-year ARM rate, then modified to a fully amortized 7-year ARM. The two time funding option offers a rate of Prime –1%, interest only during the construction period, then modified to one of our other loan programs at the market rate at that time.

FHA Mortgage:

A FHA mortgage can be an attractive option to many first-time homebuyers or those who have not had the means to save for the traditional down payment. Typically, FHA mortgages do not require more than a 3.5 percent down payment and unlike traditional loans, this money may also be a gift to the homebuyer and does not need to be secured as the homebuyer's own money. However, you do not need to be a first-time buyer to take out a FHA mortgage; the only stipulation is that a purchaser may only have one FHA mortgage at a time. The FHA mortgage program tends to be more forgiving than conventional mortgages in terms of past credit history. A bankruptcy discharged as little as two years ago may not hinder a homebuyer from qualifying for the FHA program