Types of Financing

In addition to determining which type of loan is best suited for your needs, Cambridge Mortgage will work with you to determine which type of financing is most advantageous to your situation.Loans are typically available in these major catagories

Fixed

The interest rate is fixed over the life of the loan.

Adjustable Rate

Interest rates are locked in for various number of months or years. At the end of that period, interest rates will adjust up and down changing your monthly payment.

Balloon

Begin with lower initial monthly payments with a ‘balloon’ payment of remaining balance at the end of the loan term.