Kentuckiana Sunrise Mortgage - Call today to discuss your mortgage options!

3830 Taylorsville Rd
Louisville, KY 40220
Phone: (502) 459-3313
Fax: (502) 459-3130
kentuckianasunrise@hotmail.com

Services

We know the loan and mortgage process can be confusing, so please give one of our experienced loan professionals a call today with questions, or to begin your loan process.Kentuckiana Sunrise offers a wide variety of mortgage solutions to meet your needs! The information below is provided as a reference for you as you research your loan options. We know the loan and mortgage process can be confusing, so please give one of our experienced loan professionals a call today with questions, or to begin your loan process.

15-Year Fixed Rate Mortgage

The most aggressive of the Fixed Rate Mortgage options, this loan is paid off in only 15 years, resulting in a much higher monthly payment.

20-Year Fixed Rate Mortgage

Like the 30-Year Fixed Rate Mortgage, this program guarantees that your payment never changes over the life of your loan. Since you are committing to pay off your loan over a shorter period, your monthly payment will be significantly higher than a 30-Year mortgage loan.

30-Year Fixed Rate Mortgage

This is the most popular and conventional loan program. Your monthly payment is calculated based on the initial interest rate and never changes for the 30-year life of the loan. This type of loan is considered the most conservative because there is no risk that changing market conditions will affect your monthly payment.

1-Year Adjustable Rate Mortgage

This is a 30-year loan in which the rate (and your monthly payment) changes every 12 months on the anniversary of your loan. The amount of the rate change (an Adjustment), is determined by a mathematical formula based on the U.S. bond market (typically the yield on the 1-year U.S. Treasury Bill).

3-Year Adjustable Rate Mortgage

This is a 30-year loan in which the rate (and your monthly payment) changes every 3 years. Your new rate is calculated based on a predetermined formula. This loan, while risky, is safer than the 1-Year Adjustable Rate Mortgage only because it does not adjust as frequently.

5-Year Adjustable Rate Mortgage

This is a 30-year loan in which the rate (and your monthly payment) changes every 5 years. This loan is a nice compromise between shorter term Adjustable Rate Mortgages and Fixed Rate programs.