Graduated Payment Mortgages
The Graduated Payment Mortgage, or GPM, is an alternative to the conventional adjustable rate mortgage and falls between the ARM and a fixed rate mortgage. Essentially, the GPM is simultaneously fixed and adjustable. For the length of one year the interest rate stays the same, but the following year’s rate may vary depending on the market. Most GPMs come in fifteen and thirty year mortgage loans; to find out more information contact Snowbird Mortgage.
What is a First Time Buyer Loan?
Owning a home in the beautiful state of Vermont is a dream for many New Englanders but the home loan process can be daunting for many first time home buyers. Snowbird Mortgage offers first time buyers with many home loan options designed just for first time buyers and assists the buyer in finding the best home loan for them. First time home buyer programs are intended to make obtaining a home loan more cost effective. These programs often offer lower interest rates, low down payments, or reduced taxes. Contact your Vermont mortgage broker to discuss the details of each option and begin to realize your dream of home ownership in Vermont.
Vermont Real Estate Information
At Snowbird Mortgage we offer real estate information in Vermont and the cities within Vermont. Below is a brief list of some key areas where we offer our services. Please browse through the information given about the areas to help guide you in finding a great location. If the area you are currently searching for is not listed below, then please contact one of our mortgage and real estate professionals today at 866.SNO.BIRD.
