[b][Lake Oswego, January 30, 2017][/b] – Primary Residential Mortgage offers different types of loans in Portland. The mortgage firm’s experienced loan officers use the best possible tools to help clients find a loan to match each one’s specific needs.

[b]Fixed Rate Mortgages[/b]

A fixed rate mortgage features a fixed interest rate and monthly payments which will not change throughout the term.

The traditional 30-year fixed rate mortgage is ideal for individuals who will stay in their home for at least seven years. On the other hand, a 15-year fixed rate mortgage has a lower interest rate in addition to the advantages of a 30-year loan. It does, however, have a higher monthly payment.

[b]Adjustable Rate Mortgages[/b]

The mortgage firm offers three types of Adjustable Rate Mortgage (ARM): annual, monthly, and Hybrid.

An annual ARM requires rate recalculation annually. A monthly ARM recalculates the interest rate on a monthly basis. Hybrid ARMs, which may be 3/1, 5/1, or 7/1, offer low interest and a fixed rate that will extend for a longer duration compared to other ARMs.

[b]2/1 Buy Down Mortgage[/b]

This type of mortgage allows borrowers to qualify for the loan at below market rates so that they can borrow more. The interest rate adjusts for the first two years and remains at a fixed rate for the remainder of the term.

Primary Residential Mortgage guides clients through the process of choosing and getting a loan that matches each one’s needs and particular situation.

For inquiries, call the mortgage firm today at (503) 964-6744.

[b]About Primary Residential Mortgage[/b]

Primary Residential Mortgage is a mortgage firm in Portland, Oregon. It specializes in 15-year and 30-year Fixed Rate Mortgages, Adjustable Rate Mortgages, Hybrid ARMs, Monthly and Annual ARMs, and 2/1 Buy Down Mortgage.

It has experienced loan officers who use the best possible mortgage tools available on the internet to guide clients through the loan process. As such, it makes online shopping for loan programs and the most current rates easier.

Find out more about mortgage in Portland at http://primarynw.com.