Adjustable Rate Mortgages (ARM)
These loans begin with an interest rate that is lower than a comparable fixed rate mortgage, but the rate changes at specified intervals.

Standard ARMS and the Differences
Choosing an ARM with an index that reacts quickly lets you take full advantage of falling interest rates.

Introductory Rate ARM's
Most ARM's have a low introductory rate, which is good anywhere from 1 month to as long as 10 years.

Reverse Mortgages
A Special type of loan made to older homeowners (typically 62 +) to enable them to convert the equity in their home to cash to finance other needs.

London Inter Bank Offered Rate (LIBOR)
LIBOR is the rate on dollar-denominated deposits, also know as Eurodollars, traded between banks in London.

Balloon Mortgages
Short term mortgages that have some features of a fixed rate mortgage.

Interest Rate Buydowns
The buyer would pay points above current market points in order to pay a below market interest rate during the first two years of the loan. At the end of the two years they would then pay the old market rate for the remaining term.

Cost of Funds Index (COFI)
The ratio of the dollar amount paid in interest during the month to the average dollar amount of the funds for that month constitutes the weighted average cost of funds ratio for that month.

Graduated Payment Mortgage (GPM)
With a GPM the payments are usually fixed for one year at a time.

Choosing The Best Program
The right type of mortgage for you depends on many different factors

At Equitable Trust Mortgage Corporation, we strive to meet your specific needs with quality service and individual attention. We pride ourselves in giving you the mortgage information, loan options and convenient assistance you're looking for. Whether your dream is buying a home, renovation, investing, or refinancing your mortgage, our specialist are here to help. Proudly serving the Mid Atlantic region with several offices to help you, so give us a call today.

A Team that Delivers: Renovation Specialists

ETMC is truly a full-service renovation lender that looks beyond "just lending the money" and focuses on achieving successful, completed renovation projects for each client. ETMC assists clients with every aspect of the renovation project, both pre and post-settlement, by leveraging years of experience and access to top industry professionals. ETMC is dedicated to and has a tradition of making this process enjoyable and the product a masterpiece.

Are you unsure about closing costs and programs like interest only loans or the different ARM loans?

Take a look at these booklets for more information.

INTEREST ONLY AND OPTION ARM BOOKLET - SETTLEMENT COSTS AND YOU

Equitable Trust Mortgage Corporation is an Equal Housing Lender. 
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1609 Eastern Avenue. Baltimore, Maryland 21231. (410) 735-8600.