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Mortgage News

Hello again and happy Monday!

Let me preface the title “Mortgage News” by saying we intend to give you information only.  We are not trying to sell you on any one product, only you can determine if what we post, will work for you!

With that said and out of the way, let me introduce you to a program currently being offered by Greater Nevada Mortgage.

The program entitled ” 5/5 ARM

  • Interest rates well below a standard 30 year fixed product with the stability of an adjustable rate mortgage that only adjusts every 5 years
  • FICO scores as low as 640 – with a down payment as little as 10%
  • Only a 2-year waiting period for those who had a Short Sale or Deed-in-lieu.
  • Only a 4-year waiting period for those who had a Foreclosure.

I have also attached Greater Nevada’s Financing waiting periods for additional products they offer.    Finance

I hope you will find this post interesting and helpful.  Come back again next Monday for more Mortgage News.


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