The mortgage term determines how long you have to repay a loan before you fully own your home.

Adjustable Rate

A loan that features a below market rate for a short period of time. For example, 5, 7, 10 years are typical before the principal and interest portion of loan are subject to change.


The Federal Housing Authority and the Veteran’s Administration offers loans that are backed by the respective agencies. They typically are used for first time buyers that are limited in their down payment.

Portfolio Loan

An exception loan that is made by CapGrow for excellent credit buyers. This loan is for a short period of time. It is typically paid off in less than 6 months.

Bridge Loan

This loan allows a person to place a short term, interest only, on your present property. This allows the owner to use the equity to purchase a new home prior to selling the current home. With a bridge loan, no monthly payments are made. The interest accrues and is due when the old home sells. The term of the loan is 6 months.

Home Equity Line of Credit

This is a second loan that is put against a home. It allows a person to consolidate debt, purchase a new car, money for that dream vacation or swimming pool! It also allows for (consult your tax advisor) most people to deduct the interest from their taxes. Minimal, interest only, payments are required.