WHICH LOAN IS RIGHT FOR YOU?

In the past, every homeowner used to take the same loan which was a 30-year fixed mortgage. But now, there are various loan options available, and picking the right one can help you save hundreds of dollars on your monthly payments.

How Long Do You Plan On Living In The House? We Recommend:
Not Very Long (1-3 Years) 3/1 ARM, 1 year ARM or 6 month ARM
A few years (3-5 Years) 5/1 ARM
At least 5 years (5-7 years) 7/1 ARM
Around 10 years ( 7-10 years) 10/1 ARM, 30 yr fixed or 15 yr fixed
A long time (10 plus years) 30 year fixed or 15 year fixed
Loan Programs Advantages Disadvantages
30 year Fixed
15 year Fixed
  • Monthly payments won't change
  • Interest rate Fixed
  • Protected if rates go up
  • Can refinance if rates go down
  • Higher interest rate
  • Higher mortgage payments
  • Rate does not drop if interest rates improve
Loan Programs Advantages Disadvantages
Adjustable Rate Mortgages (ARMS)
  • Lower initial monthly payment
  • Lower payment over a shorter period of time
  • Rates and payments may go down if rates improve
  • May qualify for higher loan amounts
  • More risk
  • Payments may change over time
  • Potential for high payments if rates go up
Loan Programs Advantages Disadvantages
Balloon Mortgages
  • Lower initial monthly payment
  • Lower payment over a shorter period of time
  • Many balloon mortgages offer the option to convert to a new loan after the initial term.
  • Risk of rates being higher at the end of the initial fixed period
  • Risk of foreclosure if you cannot make balloon payment or if you cannot refinance or if you cannot exercise the conversion option
Loan Programs Advantages Disadvantages
First Time Buyer Programs
  • Lower down payment
  • Easier to qualify
  • Sometimes you may get lower rate
  • May be subject to income and property value limitations
  • Some programs which have government subsidies may have a recapture tax if you sell the house too early.
Loan Programs Advantages Disadvantages
No point, No fee Programs
  • No closing costs
  • Less money required to close
  • Higher rates
  • Higher payments
Loan Programs Advantages Disadvantages
Home Equity Line of Credit
  • You only borrow what you need
  • Pay interest only on what you borrow
  • Flexible access to funds
  • Interest may be tax deductible
  • Rates can change. The maximum interest rate is normally high.
  • Payments can change
  • Harder to refinance your first mortgage
Loan Programs Advantages Disadvantages
Home Equity Fixed Loan
  • Fixed payments
  • Interest may be tax deductible
  • Higher interest rates than on 1st mortgages
  • Harder to refinance your first mortgage

We not only provide standard loan programs but also offer a wide range of specialized loans to meet your specific requirements. For more details, please contact us via call or email.

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About Us

Experience our exceptional service and achieve your goals with confidence. Trust us to guide you from start to finish, because your success is our priority.

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123 Main St. Irvine, CA 92614

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Equal Housing Opportunity

West Capital Lending ™ 2024

NMLS #: 1231230, 1473858

DRE #: 02022356, 01475320

States Licensed In: CA, FL, MI, AZ, CO, TN, Etc.

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