What loan suits you best?

Almost any loan can fall within the payment options listed below. In the matrix you will find some advantages and disadvantages of each (scroll down). Ultimately, your specific needs and goals will dictate which option is best for you.

We can accomodate almost any situation:

  • Less than perfect credit
  • Irregular work history
  • Minimal down payment for new purchases
You name it, we can help!!!

Call 888-294-9990 to speak with a First Liberty Mortgage Consultant and we will tailor fit a program to meet your needs.


Loan Program Advantages Disadvantages
Adjustable Rate mortgages


10/1 ARM
7/1 ARM
5/1 ARM
3/1 ARM
2/1 ARM

The fixed interest rate period is denoted by the first number in the above 'ARM' loans. For example, a 5/1 ARM has fixed interest rate for 5 years.
  • Lower payments over a shorter period of time.

  • Rates and payments may go down if rates improve.

  • May qualify for higher loan amounts.

  • Great loan for people who may know they are going to be in a particular home for a given period of time.

  • Why pay for a fixed rate if you do not need it?
  • Potentially higher risk for increased monthly payments should interest rates go up.

  • Interest rate, and payment, may only change once the fixed interest period expires.
Loan Program Advantages Disadvantages
Fixed Rate mortgages


30 year fixed
25 year fixed
20 year fixed
15 year fixed
10 year fixed
  • Monthly payments are fixed over the life of the loan.

  • Interest rate does not change.

  • Protected if rates go up.

  • Can refinance if rates go down.

  • Great loan if you plan on growing old with your home.
  • Higher interest rates

  • Higher mortgage payments.

  • Rate does not drop should interest rates improve

  • Should you wish to take advantage of falling interst rates, you need to Refinance.

Loan Program Advantages Disadvantages
Interest-Only Programs


10/1 ARM
7/1 ARM
5/1 ARM
3/1 ARM
2/1 ARM
  • Monthly mortgage payment is much lower than a Fixed or Adjustable rate payment.

  • Perfect for homeowners who wish to free-up more capital for other purposes, such as bills, education, revolving consumer debt.

  • Will qualify for higher loan amounts.

  • Perfect for Homeowner's who are seasonal or self-employed. In case one month or season is better than the next.
  • Equity can not be gained in your house, unless home values in the area rise, or extra money is applied to the principal.

  • Low payments may give the borrower more security, causing them to overspend rather than applying extra money to the principle.


  • Interest only payments are only applied for a given period of time. Once that period expires, the loan becomes regularly amortized at the prevailing rates.

Loan Program Advantages Disadvantages
Pick-A-Payment Option

Rates as low as 1.25%*

*APR 1.95%
**Rates subject to change.
  • Flexibility in choosing what payment you would like to make in a given month.

  • Lowest payment available.

  • Great loan for the seasonal or self-employed.

  • Great for the aggresive investor.
  • Choosing the lowest payment option may cause interest to accrue on your outstanding principal balance.

  • Rate is adjustable, but has payment cap.


Call 888-294-9990 to learn details about our extremely flexible programs.


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