BrickWood Mortgage is a full service Mortgage Broker offering Purchase Money for Residential Homes and refinancing of existing Mortgages/Homes. We Finance Primary Residences, 2nd Homes, Investment Properties, Single Family, Duplex, Multi Family (up to 4 units), Condos, and Condotels. Contact us to see if one of our loan programs meets your needs.
A 30 year fixed loan offers a low monthly payment over a 30 year period. It's an attractive option for those who plan to stay in their home for many years.
If you don't think you can afford the monthly payments of a 15-year fixed, and don't want to stretch out your payments for 30 years, then the 20 year fixed is a great option.
15-year fixed loans have a benefit of a lower interest rate, and payoff in half the time of a 30 year fixed. They require higher monthly payments, but you pay less interest over the life of the loan.
10-year fixed loans pay off faster than a 15 year, and have higher monthly payments. They offer the lowest fixed interest rates available.
Have initially low interest rates that adjust based on current market conditions. Most ARMs come with an initial Fixed Period of 3, 5, 7, or 10 Years.
The Federal Housing Administration insures these loans to make it easier for borrowers to qualify for a mortgage. Borrowers with a low down payment or Credit issues should consider applying for an FHA Mortgage.
The FHA streamline refinance is designed to lower the rate on current FHA loans.
Jumbo loans are for homes in higher price ranges, The loan amount must exceed the conforming limit. We currently offer Fixed Rate, ARM, and Interest Only JUMBO programs.
Government-insured Veteran Administration loans for up to 100% of purchase price to our eilgible military veterans.
For properties in Rural Areas issued by the USDA. No down payment required.
VA refinance to lower the rate on current VA loans.
Officially the HECM, Home Equity Conversion Mortgage is for individuals 62 years old that need a mortgage and don't want to make mortgage payments. Purchase and Refinance HECM/Reverse Mortgage Programs are available. Borrowers are still responsible for paying property insurance, property taxes, and maintaining the home. If the borrower fails to adhere to the loan terms they run the risk of foreclosure.
For Self-employed borrowers that would prefer to use bank statements to qualify for loan. No tax returns required for Bank Statement program.
Investor Loan Program that uses the property's cash flow in Lieu of income documentation.
By paying only the interest on your mortgage, you are free to manage your cash flow and pay towards the principal balance as you see fit.
Our experience buying a house with BrickWood Mortgage was stellar. After our first conversation with Paul, we knew we were in great hands. He's professional, thorough, and dedicated to his work. What a huge comfort to have him on our team during this process.
Cori BakazanRates Posted: 01/13/21
30 Year Fixed
Rate: 2.50%
APR: 2.645
15 Year Fixed
Rate: 1.99%
APR: 2.194
FHA 30 Year Fixed
Rate: 2.25%
APR: 3.226
VA 30 Year Fixed
Rate: 2.25%
APR: 2.298