Refinancing Your Mortgage
For many homeowners, interest rates now are lower than when they first received their original financing. By refinancing, you can lower your interest rate, thereby reducing your house payment each month. Refinancing is quick, affordable and can save you thousands in the long run.

Should you refinance? Use our calculator to find out how much interest you can save by refinancing now.

Home Equity Line of Credit (HELOC) 
Use the current equity you’ve built up in your home to qualify for a loan for just about anything — new bathroom, dream vacation, college, growing your own business. Your First Home Mortgage Loan Officer can help you establish a home equity line of credit which could offer some tax benefits.

Interest Only Loans
Many of our fixed-rate and ARM loan programs allow for the payment on just the interest portion of the loan for a specific period of time. (You still have the option of paying the principal down without penalty.) In many cases, these types of loans give extra buying power and time for fixed rates to fall or to build more earnings from income.

Reverse Mortgage
This type of loan is specifically for homeowners who are 62 or older. It allows them to cash in on the equity of their home as a form of retirement income until the home is sold or the owner leaves. Reverse mortgage payments can be distributed as one lump sum or in increments.

“Payment Option” ARMs
If your financial picture changes every month, you might need the flexibility of this innovative Adjustable Rate Mortgage loan. “Payment Option” ARMs give you four different payment choices each month — including the popular “Pay Option ARM”, which allows you to pay an interest rate of just 1% for the first pay period. If it’s a been great month or a financially tighter one, Payment Option ARMs give you flexibility and keep you moving toward paying off the loan.

VA (Veterans Affairs) Loans
These loans offer 100% financing without private mortgage insurance to American veterans or to their surviving spouses. As a VA “Automatic Lender,” First Home Mortgage has the privilege of helping serve eligible veterans with in-house processing, underwriting and closing of all VA loans as a refinance package, or as a first or second mortgage.

First Home Mortgage is able to deliver so many types of loan programs, there’s no doubt we can help you achieve your goals. Find your First Home Mortgage Loan Officer now to discuss your specific needs and questions. You’ll be informed about every possible loan option and be delighted with their service and expertise.