Barton Mortgage offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:

Types of Mortgage Loans 

(a few typical examples)

Choosing the right mortgage for your lifestyle could have substantial impact on your retirement, your net worth, and your family's future lifestyle. It is critical that you choose a loan program that fits your needs as well as your future goals. Here are a few choices you may want to consider.

Thirty-Year Fixed Rate Mortgage

The traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjustable-rate loans are usually cheaper. As a rule of thumb, it may be harder to qualify for fixed-rate loans than for than adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.

Fifteen-Year Fixed Rate Mortgage

This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate -- and you'll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn't that great.

Hybrid ARM (3/1 ARM, 5/1 ARM, 7/1 ARM) and Balloon Products

These increasingly popular ARMS -- also called 3/1, 5/1 or 7/1 -- can offer the best of both worlds: lower interest rates and a fixed payment for a longer period of time than most adjustable rate loans. For example, a "5/1 loan" has a fixed monthly payment and interest for the first five years and then turns into a traditional adjustable-rate loan, based on then-current rates for the remaining 25 years. It's a good choice for people who expect to move (or refinance) before or shortly after the adjustment occurs. A balloon mortgage will be fixed for a specified initial period then the balance will be due at the balloon date. These notes are often extendable for the remainder of a 30-year period.

Adjustable Rate Mortgages (ARM)

When it comes to ARMs there's a basic rule to remember...the longer you ask the lender to charge you a specific fixed rate, the more expensive the loan.  Business cycles run in increments of a few years.  The same holds true for interest rates.  What this means is that if the interest rate market is at or near historic low levels the probability is great that ARMs will experience increases at adjustment periods.  Conversely, if the interest rate market is at or near historic highs, an ARM may be a good bet as the probability of decreases at adjustment periods would be greater.  ARMs are complicated and each one must have (by Federal Law) its own specific disclosure regarding intial rate, margin, index, life cap, adjustment periodic cap, negative amortizaion, etc.  It is very important that you not only read the disclosure very carefully but have an experienced and knowledgeable mortgage advisor explain it to you in plain english.