Walker Jackson Mortgage Corporation
Walker Jackson Mortgage Corporation
106 Countrywide Street SW
Supply, NC 28462
Ph: (910) 755-6646
Branch Manager - Karen Throckmorton
Loan Programs
Fixed Rate Mortgages
The traditional fixed rate mortgage is the most common type of loan programs, where monthly principal and interest payments never change during the life of the loan.
Adjustable Rate Mortgages (ARM)
Adjustable Rate Mortgages (ARM)'s are loans whose interest rate can vary during the loan's term. These loans usually have a fixed interest rate for an initial period of time and then can adjust based on current market conditions.
Interest Only Mortgages
A mortgage is called “interest only†when its monthly payment does not include the repayment of principal for a certain period of time.
Components of an ARM
To understand an ARM, you must have a working knowledge of its components.
Commonly Used Indices for ARMs
This is a list of the most commonly used indexes by ARM lenders.
What kind of loan program is best for you?
So what kind of mortgage is best for you? Fixed rate? Adjustable rate? Government loans? The truth is, there is no one correct answer.
