Loan Programs:

There are an infinite amount of loan types and terms. There is no such thing as “one size fits all” when it comes to mortgages. With help from one our experienced Asset Managers you can tailor a loan program to suit your specific needs.

At TriStar we are dedicated to your financial success.

Mortgages come in a variety of flavors. Loan terms can be anywhere from 10 to 40 years. The most typical loan types are fixed rate, adjustable rate (ARM), or convertible:

• A fixed rate mortgage is a loan with an interest rate that remains the same for the entire term of the loan. Fixed rate loans are recommended if you are planning to keep your home for many years and you expect overall interest rates to increase or remain stable.
• An adjustable rate mortgage (ARM) is a loan with an interest rate that adjusts periodically to reflect changes in a specified financial index. These loans generally have the lowest initial rate and payment. They are recommended if you plan to keep the loan for a short time (less than three years), expect your income to increase substantially, or expect rates to decrease. You may qualify for a larger loan amount with an ARM than you would with a fixed rate mortgage.
• A convertible rate mortgage is a combination of a fixed rate and an adjustable rate loan. It usually has a fixed rate for the first few years and then converts to an adjustable rate for the remainder of the loan term. The starting rate is usually higher than an adjustable rate loan but lower than a fixed rate loan.

What loan suits you best?
Find out how we can help you save money! Select a loan type to get more information on how TriStar Financial Group, Inc. can help you get the loan you need—today!

Debt Consolidation
A refinance or home equity loan that gives you cash back to payoff existing debt. You may be able to lower your monthly payment and/or interest rates and possibly gain tax advantages.

Refinance
A new mortgage on your home, which may include paying off your existing mortgage with the loan proceeds, obtaining cash, or consolidating other accounts.

Second Mortgage
A loan for any purpose that is secured by your home that allows you to borrow up to 90% of the value of your home.

Home Purchase
A mortgage loan to purchase your new dream home.