Fixed Rate Loans
Although Fixed Rate loans are a staple of the mortgage industry; many opportunities exist for negotiation on mortgage lending terms, especially interest rates, loan-maturity and prepayment penalties. Because of our relationships with lenders, Eagle River Mortgage can provide competitive fixed interest rates and additional terms. Borrowers can feel secure knowing that the rate will not change throughout the entire term of the loan. Eagle River Mortgage's experienced Loan Officers know when to recommend fixed rate loans by adhering to our client's needs and evaluating the benefits from various loan models.

Floating Rate Loans
A floating rate loan is typically indexed to the London Interbank Offered Rate (LIBOR), which tracks and approximates the Federal Funds rate. Many recent borrowers have chosen floating rate loans to take advantage of the historically low interest rates of the past few years. Floating rate loans often feature minimal or no prepayment penalties. They are particularly attractive to buyers with a two to four year financing horizon, such as acquisition of a property going though a reposition or a turnaround. Eagle River Mortgage can help borrowers exploit these flexible structures for their immediate short-term benefits or as a means of strengthening their long-term strategy.

Construction Loans
Typically, Construction Loans are short-term loans utilized by borrowers to finance building costs. Every construction loan varies depending on the product, the length of the construction process, and the borrower's experience. Eagle River Mortgage can help builders find the best source, rate and term for these often critical loans.