We offer the right mortgage to fit your needs.
There are all kinds of homes, just as there are different types of people with various financial needs, goals and challenges. Luckily, at Atlantic Bay Mortgage Group, there are an amazing array of home mortgage products, along with a qualified, dedicated team of experts to help match the financing to you and the home of your dreams. Below, you will find a sampling of the types of mortgage options available.

Fixed Rate	Adjustable Rate Mortgages
Interest Only	Bi-Weekly Payments

Mortgage Types

Many of the mortgage types discussed here-fixed rate, adjustable rate mortgage and interest only mortgage-are available on almost all loan programs. When working with your mortgage consultant to help you determine the best mortgage possible, the mortgage type is an important consideration. Why pay more on a mortgage than you need to? Getting into the mortgage that fits you the best can save you thousands of dollars.

Fixed Rate
Planning on staying in your home for quite some time? If so, a fixed rate mortgage may be the solution for you. With a fixed-rate mortgage, budgeting and planning is easy. Because with the interest rate set for the life of the loan, your monthly payments never change. These mortgages are typically available with a term of 10, 15, 20, 25 or 30 years. The longer the loan, the less the payment each month; the shorter the loan, the faster you build equity. Fixed-rate mortgages are available for both new home purchases and refinancing.


Adjustable Rate Mortgages (ARMs)
Moving in a few years? Kids moving out? Family Growing? Need to upgrade or downsize in the next three to five years? Then an adjustable rate mortgage may be the way to go. An adjustable rate mortgage usually begins with a rate below that of a fixed rate loan, which can help you afford more home. After the initial period, typically one, three, five or seven years, the rate will adjust up or down for the remainder of the loan. If the rate drops, your payment decreases; if the rate rises, so does your payment. ARMs feature a lifetime cap to protect you from huge increases in your payment.

Interest Only Mortgage
Think you'll be in this house just a short time? Moving to a rapidly-appreciating area? Want to pay the least you can to maximize your investment dollars? If you said "yes" to any of these questions, the interest only mortgage may be the option for you. In the first several years of a mortgage, the majority of your payment goes to interest anyway. Principal payments are not tax deductible. So why not save a couple hundred dollars a month, and make your gains through the appreciation of your home's value?

Bi-Weekly Payment System
If savings thousands of dollars in interest and owning your home faster appeals to you, then a bi-weekly payment system may be right for you. A bi-weekly payment system automatically pays your mortgage in 13 annual payments. No need to save that extra payment, the system will do it for you. You will lower your net-interest rate, cut years off the loan and save thousands of dollars. Ask you mortgage consultant about this time-and money-saving program.