Ocean City Maryland Mortgage Specialists.com
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Our home loan lenders at Ocean City Maryland Mortgage Specialists.com are committed to honesty and integrity. Contact us today to get started 760-436-3225.

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Ocean City Maryland Mortgage Specialists.com - Interest Rates - Graduated Payment Mortgage

The Graduated Payment Mortgage, or GPM, is an alternative to the conventional ARM. It is considered to be between the ARM and a fixed rate mortgage, meaning that the GPM is fixed and adjustable at the same time. For the length of the year the rate stays the same, but the next year may be a different rate depending on the market. Most GPMs come in fifteen and thirty year mortgage loans at a rate of .5 to .75 percent higher than a standard fixed rate. A GPM prolongs a typical loan and increases as much as fifty percent by the time the final payment is paid.

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To get more information on how you can benefit from a GPM fill out the form below. One of our loan advisors will call you to discuss your options.

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Ocean City Maryland Mortgage Specialists.com - Home Information

Getting a loan is a very simple process with us. Whether you are refinancing or purchasing a new home all you need to do initially is send us two years of w2’s, one month of paystubs, and a copy of your homeowner’s insurance policy. We can then approve you for a loan. It is truly that simple. The mortgage broker will be impressed and have proven to him your ability and desire to pay the loan. For any further questions on what to send when you make contact with a loan officer, contact Ocean City Maryland Mortgage Specialists.com.

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Ocean City, Maryland offers many enhancements to your beach experience: Miniature golf courses, amusement parks and water attractions dot the island. Hop onto an antique carousel, watch the wee ones faces light up as they ride a kid-sized roller coaster, scream along with the teens on a spinning amusement ride and try your luck in the arcades on the Boardwalk. The Ocean City Life Saving Station Museum tells a fascinating story of the history of Ocean City and airplane rides provide a bird's eye view of the way Ocean City is today. Marinas all but guarantee a successful fishing trip or just an afternoon of pleasure boating. Ocean City is very proud to offer a host of fine restaurants and affordable family dining and eateries. Dine on the Oceanfront, or overlooking the Bay. Establishment offerings range from fine cuisine to American style family dishes. Many offer carry- out services, and some provide delivery service.The Ocean City area is home to at least twelve 18-hole golf courses within a twenty minute drive from the beach. Enjoy the beautiful views of the surrounding waters, well manicured fairways and greens and challenging courses. In addition, many vacationers guarantee their reservations and tee times by utilizing golf package services offered by several Ocean City businesses.