Riverside Morgage Resource Center
List Of Common Morgage Terms

Fixed Rate Morgages - Is a type of loan with an Interest Rate that remains constant throughout the life of the loan. The most common terms you'll find are as follows:

10 Year Morgage - 15 Year Morgage - 20 Year Morgage - 25 Year Morgage - 30 Year Morgage - 40 Year Morgage - 50 Year Morgage

Adjustable Rate Morgages - Is a loan with a rate (and payment) that adjusts monthly in relation to an index. They typically have an initial period wherein the rate and payment are fixed. For example, in a 3 Year Arm the rate and payment are fixed for the first 3 years and the remaining 27 years 'adjust' in relation to an index.

1 Year ARM - 2 Year ARM - 3 Year ARM - 5 Year ARM - 7 Year ARM - 10 Year ARM

Home Equity Morgage - Second Morgage - These are loans placed behind the 1st morgage and are typically used for debt consolidation or to avoid the morgage insurance that can arise from having a Loan to Value greater than 80%.

FHA & VA Morgages - Have become increasingly popular recently. These government-backed loans offer an attractive alternative to subprime loans for people with high loan to values and fair to less-than-fair credit histories.

Documentation Types - The following is a list of common types of loan documentation. Contact a loan consultant to determine which is right for you.

SIVA / Stated Income Verified Assets - SISA / Stated Income Stated Assets - NINA / No Income No Assets - NIVA / No Income Verified Assets - No Ratio - Full Documentation Morgage

We invite you to make full use of this web site and, of course, our knowledgeable Loan Team is available until 9PM daily to assist you with any questions about available morgage terms at 888.835.0761

Get A Morgage Quote - If you'd like to receive an instant quote based on today's Morgage Rates then you can APPLY NOW
or call us at 888.835.0761. We have access to over 12,000 loan programs so we're sure to have one that perfectly suits your goal.  

One of our most popular programs is our 'Beat The Banks' program. This is our guarantee to beat the published Rates of the most popular banks in the nation with out charging any more fees than that bank normally charges. We typically beat the Bank Morgage Rates by about .25%---and it's guaranteed. So why not give it a go and see if you can Beat The Banks!

Two of the most popular banks in the nation are Wells Fargo & Bank of America. If you'd like to beat a Wells Fargo Morgage rate then start with a phone call to us at 888.835.0761 or Apply Now and check the 'Beat The Banks' option. If you'd like to beat a Bank of America Morgage rate then you can either call us today or fill out the 'Apply Now' form by following the link at the top left of this page.