We understand each one of us have different needs at different times. The biggest advantage of an ARM is that it is considerably cheaper than a fixed-rate mortgage, at least for the first three, five, or seven years.
It gives you an ability to manage your mortgage as well as your other finances with an ease as the monthly payment could be as low as possible. So, it’s not a burden on your head.
At Kenico Mortgage Services, Inc., we offer 30 years loan plans so that each month's installment does not seem a burden. Your money gets deducted over a period of time, and you get complete control of your home.
Our team knows the importance of a well-executed loan plan. That is why we give you a range of loan options to select from.
Fifteen Years
15-year amortization is such that right from your first payment you pay about 65% to 70% towards your principal. Basically, the amount of interest you end up saving can be huge on a shorter term.
The rules of refinancing in Texas are vastly different from others which makes it a difficult product. At Kenico Mortgage Services, Inc., we have experienced and knowledgeable staff who can help you dodge the difficulties and sail through with a loan.
FHA loans are for first-time home buyers. Obviously, it is hard for someone starting out to understand how this loan works. That is why we at Kenico Mortgage Services, Inc. urge you to get in touch with us. We know how vital the FHA loan can be for a person who wants to pay a lower down payment.
Buying a home for people in rural areas is a difficult task. However, the Government's USDA home loan is a mortgage that they provide to individuals to buy their homes. Even a family with a low or Moderate income can hope to get a roof on their heads with this loan.
Sometimes our loan requirements are vast. The Federal Housing Finance Agency may not permit the granting of loans of such extent. However, at Kenico Mortgage Services, Inc., you can avail a Jumbo loan. These loans are basically for luxury home purchases.