ABSOLUTE MORTGAGE SOLUTIONS, LLC
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FIXED RATE


30-year and 15-year fixed are the most popular loans. Clients who plan to stay in their home for a long period of time will find a Fixed Rate Mortgage is an excellent way to lock in a low interest rate for the life of the loan. AMS specializes in fixed rate mortgages with 30, 25, 20, 15, and 10-year terms.

Benefits & Features


Minimum FICO® credit score of 620
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​3% minimum down payment required on purchase


​Post-bankruptcy: can qualify after 4 years
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​Post-foreclosure: can qualify after 7 years
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​Post-short-sale: Can Qualify after 2 years (LTV restrictions may apply)

The maximum loan amount for conventional loans is $510,400. For borrowers with FICO® scores above 660, second liens may be allowed. Closing costs of up to 3% may be rolled into the mortgage amount for down payments of 5-9%. Closing costs of up to 6% may be rolled into the mortgage amount for down payments of 10% or more. There are options to avoid Private Mortgage Insurance (PMI), usually with a down payment of 20% or more.
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ADJUSTABLE RATE


For clients who anticipate a significant increase in income or property value in the next several years, plan short-term stays in their home, or would like to significantly lower their mortgage payments, an adjustable rate mortgage loan may be the right option. As the name implies, ARMs have interest rates that change at a pre-determined interval.

Benefits & Features


Savings can be used to pay down other debt
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The 7-year and 10-year ARMs are the most popular ones in this category of loans
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An ARM is a great option for clients who intend to refinance or sell a home in an expected time frame
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​Buyers can save thousands of dollars in payments during the initial fixed period vs. a fixed rate loan with a higher rate
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The maximum loan amount for conventional loans is $424,100. For borrowers with FICO® scores above 660, second liens may be allowed. Closing costs of up to 3% may be rolled into the mortgage amount for down payments of 5-9%. Closing costs of up to 6% may be rolled into the mortgage amount for down payments of 10% or more. There are options to avoid Private Mortgage Insurance (PMI), usually with a down payment of 20% or more.
Apply Now
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EMAIL:
Kristine Britton | Mortgage Loan Originator
kristine@ams-lending.com
PHONE:
o. 321.426.7336
c. 321.863.6336
LICENSE:
NMLS ID # 1882618
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  • Home
  • Loan Types
    • Conventional Loans
    • FHA Loans
    • VA Loans
    • Jumbo Loans
    • Hard Money Loans
    • Special Programs
  • Team
  • Contact
  • RESOURCES
    • FAQs
    • MORTGAGE TERM GLOSSARY