632 W. Montrose Street, Clermont, FL
(across from city hall, next to library)



Loan Options

Choosing a loan — Fixed Rate, Adjustable Rate or somewhere in between. Home loans come in many shapes and sizes. Deciding which loan makes the most sense for your financial situation and goals means understanding the benefits of each.

 The 3 basic types of home loans:


Whether you are buying a home or refinancing, there are 3 basic types of home loans. Each has different reasons you'd choose them. Click any loan for more detailed information.

Fixed Rate Mortgage:  
Plan to live in home more than 5 years

Like the stability of a fixed principal/interest payment

Don't want to run the risk of future monthly payment increases

Think your income and spending will stay the same

Adjustable Rate Mortgage:  
Plan to stay in your home less than 5 years

Don't mind having your monthly payment periodically change (up or down)

Comfortable with the risk of possible payment increases in future

Think your income will probably increase in the future
Combination Rate Mortgage: 
Want the stability of a fixed principal/interest payment in the short term

Want to repair your credit by demonstrating your ability to make regular payments, then refinance for a lower interest rate

Have a lot of consumer debt (these loans typically allow more)

Want to borrow more and get a lower monthly payment than a standard fixed rate loan


  Licensed Mortgage Brokerage Business. © 2014 Kinder Mortgage. All rights reserved. Pre-qualification is neither pre-approval nor a commitment to lend; you must submit additional information for review and approval. Approval may be subject to rate increases, satisfactory title and appraisal review, and no change in financial condition.