Best Phoenix Mortgages: Glen Reiley Mortgage Broker, Bell Mortgage: mortgages for new home, second mortgages, refinancing mortgages, home equity loans, zero-down mortgages.

Creative Solutions for Your Unique Situation

Zero-Down/Neighborhood Advantage

Would you like a program that makes it possible to buy a home with no money down? Well, if you have the following, we have the program:

• good credit
• limited savings

The Zero-down/Neighborhood Advantage Program features:

• 100% financing - no down payment
• 100% of closing costs from gift or other sources
• 30 year fixed rate financing in select markets
• lower income requirements

We also offer "no cash-out" refinances available up to 100% of the appraised value of your home.

Consider an Option ARM loan.

One of the most creative products that doesn't require a set payment each month is the option ARM. After the first payment, you get four payment options to choose from each month: your lender sends you a monthly statement offering a minimum payment (1), interest-only payment (2), 30-year amortized payment (3) or 15-year amortized payment (4)

Have you reached the point in your life when you need to supplement your retirement benefits?

Reverse mortgages - a special type of home loan - are becoming popular in Americ They can give older Americans greater financial security to supplement social security, meet unexpected medical expenses, make home improvements, and more.

Borrowers must be at least 62 years old and occupy as their principal residence a home that has little or no mortgage debt remaining. The maximum loan amount depends on the age of the borrower, the expected interest rate and the appraised value of the property.

There are many payment options available. For example, borrowers may receive monthly payments for a fixed period they select, or as long as they occupy the home as a principal residence. Reverse mortgage need not be repaid until the borrower moves, sells or refinances the property, or dies.

FHA insures the lender against the risk that proceeds from the sale of the property may not be sufficient to pay off the mortgage balance. If the property is sold, the homeowner (or heir) receives any proceeds in excess of the amount needed to pay off the mortgage