Professional Advantage Mortgage Group
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ProAdvantage Client Quotes
The home buying experience was certainly a stressful one, just as PAFG mentioned it would be. However, their help and advice throughout the process certainly alleviated any anxiety that my wife and I had regarding our mortgage. My countless phone calls regarding the various aspects of home buying, as well as for trying to lock-in a favorable rate were always met with an understanding attitude and favorable results. My wife and I certainly appreciated everyone at PAFG’s patience and assistance. Thank you again for all your help PAFG!
Harry E. Comninellis
My experience with Professional Advantage was very positive. Despite the demands of my career, a hyper real estate market and the quirks of buying a co-op, Professional Advantage pulled everything together beautifully. One of the things that stood out with Professional Advantage was the fact that I had one contact throughout the entire process. I am reminded of the great rate and great service I received from Professional Advantage every month, when I make my mortgage payment.
Kimberly Uhorchak
PriceWaterhouseCoopers
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The Right Loan
 
There are two standard types of home loans: fixed and adjustable. Understanding the differences will help you determine the one that works best for you.

Fixed rate loans are the most common loans and allow you to keep the same interest rate and monthly payment for the life of the loan. They are good if:
  • You want the security of a set monthly principal and interest payment
  • You want stability
  • You feel confident you won't be moving soon
Adjustable rate loans(ARMs), also known as flexible or floating loans, give you a fixed interest rate for an initial time period. After that, the rate adjusts. Rate adjustments are usually tied to one of several interest rate indexes. These loans have a lifetime interest-rate cap that can help protect you from soaring rates, and sometimes periodic caps. These loans:
  • Have a lower initial interest rate than a fixed rate loan might, but the rate adjusts after that initial period
  • Can be a good choice if you want to minimize monthly payments, increase buying power and/or don't expect to keep the loan for the length of its term (for example, if you only expect to keep the loan for a few years)
We can help you decide which of our loan options will best meet your needs, just contact us via email or by phone at 800.809.5626

Understanding discount 'points'
'Points' are an upfront fee that you can sometimes pay. Paying points can lower the interest rate of your loan. Each point charged is equal to one percent of the loan amount (for example, if the loan amount is $150,000, a point would be $1,500). Paying discount points can be good idea if you plan on owning your home for seven or more years because you get a lower interest rate. They may also provide tax benefits.

Why get a pre-approval
Many future homeowners choose to apply for a loan before they find a home—they get pre-approved. Here are two reasons to consider getting pre-approved:
  • It can help you figure out what you can afford to spend on a home.
  • It helps demonstrate to the seller that you are likely to qualify for funding and are a serious buyer.
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