Kentucky Mortgages

Kentucky Mortgage rates appear to be on the rise, so it is be a perfect time to obtain a Kentucky refinance loan or new home loan. Popular Kentucky Refinance Loans are adjustable rate mortgage (ARM) products, particularly the 6 month LIBOR interest only mortgage, and the 1.25% Pay Option ARM. The Pay Option ARM, as the name suggests, offers homeowners options for paying their monthly mortgage. (See home page for more information). The Pay Option ARM offers one of the lowest interest rates available today. Homeowners can utilize Kentucky refinance loans to consolidate high interest credit card debt with their monthly mortgage. There are a number of advantages to a Kentucky debt consolidation mortgages. Most homeowners see a significant reduction in their monthly debt payments, allowing more money to save, invest, travel, or apply to other purchases. In addition, interest paid on mortgages is tax deductible and can be a write off when preparing taxes at the end of the year.

For residents looking to purchase a new home, Kentucky fixed rate mortgages offer many advantages. Kentucky fixed rate mortgages are available for 10, 15, 20, or 30-year terms. Kentucky fixed rate mortgage terms provide borrowers with a fixed interest rate and fixed monthly mortgage payment for the life of the loan. Many borrowers are choosing Kentucky fixed rate mortgages over Kentucky adjustable rate mortgage products due to the recent increase in interest rates. Call today to speak to a loan representative about your options for a Kentucky fixed rate mortgage or a Kentucky debt consolidation loan.