Mortgage Master, Inc.
855 Waterman Ave
East Providence, RI 02914
401-438-5176
EFax 401-223-4903
Contact Us

RI Lender No. 20041831LL, Broker No. 94000577LB. 
 Mortgage Master, Inc. is an Equal Housing Opportunity Lender.

Rhode Island Home Loan Programs

There are two basic types of home loans available: fixed rate mortgages and adjustable rate mortgages (also called ARMs). Both types offer you distinctly different features and benefits, as well as a variety of financial options.

Two additional types of funding are available to existing homeowners: Home Equity Loans and Home Equity Lines of Credit. These allow homeowners to tap into the equity they've built in their home and acquire funds for major purchases at attractive interest rates. Home equity loans feature a fixed rate, while home equity lines of credit feature a revolving line of credit and a variable interest rate (similar to a credit card). (Some states prohibit or restrict equity-based loans and lines of credit. Please check with your Mortgage Master loan professional before you apply.)

The more you know about these types of Rhode Island home loan programs, the more active a role you can play in choosing your loan program . . . and the more comfortable you'll feel.

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