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Scott Kirk Homes
An Award Winning Real Estate Agent


If you need to borrow money, we can help you find appropriate financing.

Borrowing money to buy a house can be somewhat confusing, but we can guide you through the process. Weichert Financial Services has more than 370 mortgage products to chose from to meet your specific needs, including conventional loans, jumbo loans, FHA & VA loans (government insured), unique loan programs, refinancing, home equity loans and lines of credit. Our Gold Services manager will be happy to assist you in deciding which loan program is right for you. We also work with other mortgage lenders in the area who can advise you of different financing options.

A Mortgage
A mortgage is a loan from a bank or other lending institution to help pay for a purchased property. The property itself is used as collateral and the lender holds a lien on the property until the loan is repaid. The terms of the loan are all spelled out in the mortgage agreement, including the length of time you have to repay, as well as the interest rates, and terms. You will be expected to put some cash into your purchase and you will have to prove to the bank that you will be able to make your payments. 

Down Payment
A down payment is your financial investment in the property. Most banks want 20% down, however there are programs out there which will allow you to put down less. Most lenders will also require an appraisal be done to ensure the house is worth what you have offered to pay. 

The Conventional Rate Mortgage
This is a mortgage with an interest rate that stays the same for the life of the loan. The terms of repayment and specific interest rates will vary from bank to bank, based on your financial situation. So, it's good to explore your options.

The Adjustable Rate Mortgage (ARM)
An ARM is a loan where the interest rate changes from time to time. The rate changes may be predetermined and fixed, or they may be based on variable factors, such as the one-year Treasury Security Index.

* All financing is subject to qualified buyers, and different loan programs have different criteria.