Fixed and Adjustable Rate Mortgages Designed with You in Mind.
Purchasing a home on Long Island or anywhere in New York (such as Queens, Brooklyn, Manhattan or Westchester) can be an exciting time for your family, and finding the right type of loan to help these dreams come true is what we’re all about.
As one of the New York State’s premier mortgage lenders, we’ll help you find a personally designed mortgage to fit your unique financial circumstances. Our fully licensed mortgage loan originators will be with you every step of the way — from initial consultation to final closing — to assure that the process is as stress-free as possible. Because we’re not just a mortgage company, we’re partners in your success.
Below is just a sample of the Mortgage products we offer:
Fixed Rate Mortgage
This classic home mortgage is for those looking for predictability. It has a fixed interest rate and monthly payments that will not change. This may be the ideal choice because you can lock in a competitive rate for the life of the loan. We offer flexible fixed rate options; please call your loan officer for more details.
Adjustable Rate Mortgages (ARMs)
An adjustable rate mortgage, also known as a variable rate mortgage, has monthly rates that move up and down according to current interest rates. Normally these loans begin with a fixed period low interest rate then transition to an adjustable rate. These loans generally come in three categories: 3/1 ARM, 5/1 ARM and 7/1 ARM with the first number of each loan representing the fixed interest rate period and the second number representing how many times per year the interest rate can change after the initial fixed rate period. These loans are a strong option for those who are planning to move or refinance their home before the variable interest rate period begins.
Finding a loan that is perfect for you is easy when you work with a Lynx Mortgage Banker. Call us today at 877-599-LYNX to learn more.