Welcome Welcome to Challenge Realty and Mortgage, your financing solution and needs. At Challenge Realty and Mortgage, we are dedicated in helping first time buyers by offering a variety of loans, such as 100% financing, 80/20 loans, fixed rate loans, ARM and much more. We are dedicated in helping individuals achieve their goals and dreams by owning their first home. We also refinance, and sell your homes. At Challenge Realty and Mortgage everything is possible, all you have to do is contact us, our experience staff are here to help. We have been here for long time, that's why our experienced real estate agents know so much, and are here to help you. Don't hesitate to call. Call us now, there is no obligation, we will answer any question you might have. Types of Loans Fixed Rate At Challenge Realty and Mortagage you have the option of choosing which loan is the right for you. We work with you in finding the right loan. A Fixed Rate Loan may be the one you are looking for. A Fixed Rate Loan is a fully amortixed loan where the interest rate and the principal and Interest (P&I) payments on the loan are constant for the full term. A fully amortized loan is one where the scheduled P&I payments are designed to pay back all of the principal borrowed and interest due within the specified term. Adjustable Rate This is a fully amortized loan where the interest rate and the P&I adjust regularly during the life of the loan in a pre-determined fashion. These loans are so popular because the initial interest rate offered can be significantly lower thana fixed rate loan. The interest rate, and thus the payment, adjust because of the following factors: Adjustment Period, Index, Margin, Caps. Ballons This is a fixed rate loan type that has an amortization term of 30 years, but all outstanding principal balance becomes due at some point before the 30 years are up, commonly a 15 year mark. This loan type is popular when rates are higher, as they offer a slightly lower rate than a regular fixed rate product. Buy Sell Refinance 100% Financing Available 1st time homeownership financing programs Zero Down No Income Verification-Self Employed OK Free Pre-Approval Full Doc and Stated Loans Available Don't loose your home to foreclosure! Quick and easy Refinancing!!!! Call Us For a Free Pre-Approval within 30 minutes!! No Obligation!!! $500.00 to buyer at the Close of Escrow