At LoanWorks, you’ll find a variety of loans to choose from – and we may approve any of them in just minutes. This is just one of the things that makes us different from other lenders.

There are several factors to consider when choosing a loan. Do you want the stability of a fixed rate, or are you willing to accept a little more risk in exchange for the lower initial rate of an adjustable mortgage? How long do you plan to stay in your home? How much do you want your monthly payment to be?

The following grid outlines the features and benefits of each of our loan programs.

10, 15, 20 & 30 Year Fixed

5/1 Treasury ARM

3/1 Treasury ARM

1 Year Treasury ARM

2/6 & 3/6 LIBOR ARM

5/6, 7/6 & 10/6 LIBOR ARM

Flex Pay

5 & 7 Year Balloon

I want a stable monthly payment

XXX

XX

X

XX

XX

I want to buy as much house as I can

X

X

XX

XX

XX

XXX

XX

I plan to own my house for 5 years

XXX

X

XX

XXX

I believe interest rates are likely to fall

X

XX

XX

XXX

XXX

XXX

XX

I believe interest rates are likely to rise

XXX

I need flexible monthly payments

XXX

I want to avoid negative amortization

XXX

XXX

XXX

XXX

XXX

XXX

XXX

I want the lowest possible payments

X

X

X

XXX

X

I plan to refinance within 5 years

XXX

X

XX

XXX