Jack Jordan

Loan Options

Fixed Rate

Fixed-rate mortgages feature interest rates that do not change during the course of the loan. Despite the fact that fixed rates are often higher than adjustable rates, they have the advantage of providing security against market volatility. Fixed-rate mortgages appeal to individuals who expect to stay in their house for longer than ten years.
Key Benefits
  • Monthly principal payment will never go up

  • Consistency in payment makes easy budgeting

  • No need to worry about rising rates, because your rate wouldn’t change

  • If rates go down, you will be able to refinance



FHA loans are mortgages offered by the Federal Housing Administration (FHA) to assist those with poor credit or who cannot afford a significant down payment.

Key Benefits

  • Allows lower credit scores

  • Great for first time home buyers

  • Higher debt-to-income ratios

  • Lower interest rates


VA-guaranteed loans are backed by the US government and can be used to buy a house for yourself, a spouse, or a dependent. No down payment, limited closing fees, no private mortgage insurance, lifetime benefit, and flexible credit standards are just a few of the benefits available to qualified service personnel and military families.

Types of VA refinance loans

The Department of Veterans Affairs guarantees refinancing and other forms of house loans and grants in addition to home purchase loans. I can assist you in locating and applying for the program that best meets your requirements and qualifications, such as:

1) Cash out refinance loans

When you need money to pay off debt, pay for school tuition, maintain your house, or pay for other living needs, a VA Cash Out Refinance Loan can help.

2) Interest Rate Reduction Refinance Loan (IRRRL)

The IRRRL is a “VA to VA” loan, so you must already have a VA-guaranteed loan on the property. This can help you save a lot of money on your monthly mortgage payment.

3) Energy-Efficient Mortgages

Include the cost of energy-efficient renovations in your mortgage to help you finance making your house more energy efficient.

Key Benefits

  • Lower rates and decreased monthly payments
  • Special terms for existing loans
  • No need for an appraisal
  • Less application steps
  • Low-cost closing


Current USDA home loan borrowers with low or no equity can refinance for more reasonable payment terms under the streamlined help refinancing program. I can assist you in determining your eligibility, locating the best rate for you, and expediting the processing of your new loan.

Key Benefits

  • Better rates and lower payments
  • Improved terms
  • Quick closing

Cash Out Refinances

You may be qualified for a cash out refinance if you have more than 20% equity in your house. A cash out refinance entails taking out a new, refinanced mortgage loan and borrowing money against the value of your house. Cash out may be used for a variety of things, including debt reduction, education, home upgrades, investments, and more.

Key Benefits

  • Maintain one loan rather than multiple
  • Save with lower rates
  • Raise your credit score

Adjustable Rate

Adjustable Rate Mortgages(ARMs), often known as variable rate mortgages, change over time dependent on market circumstances. ARMs are hybrid loans with a fixed interest rate for a certain period of time, after which the interest rate is modified once a year, depending on the loan conditions. In general, there are limits to how much an interest rate may rise or fall. While ARMs are officially 30-year loans, they are most appealing to people who expect to own their house for a limited amount of time owing to the unpredictability of future mortgage rates.

Key Benefits

  • Reduce monthly payments
  • More savings, if rates are decline
  • Ideal in case if you plan to buy a home for less than 10 years