At First Millennium we give you the opportunity to select the type of loan that suits your needs. We never try to forcefit you into one standard kind of loan. We don’t have to. With long-standing relationships with national and regional lenders we can offer all our clients a wider choice of rates and terms.

Some of the home mortgage loans we provide include:

Fixed-Rate Mortgages: The interest rate is “fixed” for the term of the loan so your monthly mortgage payments never change.
Adjustable-Rate Mortgages (ARMs): These loans usually begin with a lower interest rate than fixed loans. You can save money early on and may be able to afford a larger loan and a bigger house. The rate is tied to a specific interest rate index and your payments can change, up or down, with the index at each scheduled adjustment period.

Home Equity Fixed Loan Rate: This is a loan based on the equity in your home. The interest rate is fixed for the term of the loan so your payments stay the same for the loan’s life. Borrowing against the equity in your home will reduce the equity in your home.
Home Equity Line of Credit: This loan provides you with an amount (line) of credit. You only borrow what you need, usually by writing a check. And you only pay interest on the amount you borrow.

Specialized Mortgage Loans: We can also provide mortgage loans for people who have had past credit problems, loans with no income verification and loans with no closing costs. For more information on these or other types of loans you may have heard about please call us at 1-631-969-8800 or fill out the First Millennium Funding Quik Form.

Copyright 2006-2010 First Millennium Funding, Inc,
2 West Main Street, Bay Shore, NY 11706
...Tel. 631-969-8800 .Fax. 631-328-1612
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