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The Graduated Payment Mortgage, or GPM, is an alternative to the conventional ARM. It is between the ARM and a fixed rate mortgage, meaning that the GPM is fixed and adjustable at the same time. For the length of the year it is the same rate, but the next year may be a different rate depending on the market. Most GPMs come in fifteen and thirty year mortgage loans at a rate of .5 to .75 percent higher than a standard fixed rate. A GPM prolongs a typical loan and increases as much as fifty percent by the time the final payment is paid.
| The Graduated Payment Mortgage can help many borrowers. We can help you decide if a GPM is right for you. Simply fill out the form below and we will contact you with more information.
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Even a small rate cut can pay off quickly! There are ways to save money by refinancing. We can help if you would like to stay in the house for 1 year to 30 years. We have specific programs designed to fit your needs. Call a representative today to see what program fits you best. More Raleigh Refinance Information
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In one phone call we can get all the information we need to get you prequalified. From there you can see what type of home you can afford. Or Click Here to get prequalified
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| Jumbo Loans |
| A jumbo loan is a loan that does not conform to the rules established by Fannie Mae or Freddie Mac or exceeds the conventional loan limit. Loan to value limits for jumbo mortgage loans range from 50% to 100% depending on the loan amount.
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