At EMA, we realize no two individuals are alike. This is reflected in our products, which are designed to fit almost any real estate financing circumstance. We work with you to help you achieve your goals, tailoring interest rates and terms to build the right loan for you.

The Art of Building the Right Loan
To many, rate is seen as the only factor in determining cost. At EMA, we know it takes an artful combination of competitive rates, products, and terms to provide the greatest benefit to our customers. Different loan products and their specific terms exist because of differences in peoples’ needs and lifestyles. EMA offers the following types of loans to help you achieve your goals:

• Fixed Rate Mortgages (more info)
  Attractive, low monthly payments made possible by lengthy loan terms allow more money to be borrowed.* Duration: 10 through 30 years. Rate is higher than other programs. (more info)
   
• Adjustable Rate Mortgages (more info)
  A deeply discounted rate in the first period results in lower monthly payments, enabling you to borrow more money. Most advantageous when you know you will occupy your home for a short time period. (more info)
   
• Fixed/Variable Rate and Balloon Mortgages (more info)
  Characterized by an initial fixed rate period (3, 5, 7, or 10 years) followed by an adjustable rate for a total of 30 years. Initial fixed rate is lower than long-term fixed rate because the fixed period is shorter. The resulting lower payments enable you to borrow more money.* Often recommended for individuals who are unsure how long they will occupy their home. (more info)
   
• Interest-Only Mortgages (more info)
  Payments are tax-deductible for most people up to a certain level. Individuals in the maximum tax bracket who move frequently are paired with this product, as it results in a lower payment and allows for a higher loan amount.* (more info)
   
• Combination/Piggyback/Multiple Mortgages (more info)
  Enable you to achieve a higher loan amount relative to the value of the property. Specifically, to avoid paying a higher rate associated with a “jumbo” loan or to avoid paying Private Mortgage Insurance (PMI). PMI is not tax-deductible, whereas the interest on secondary financing is. (more info)
   
• Zero Points and No Cash Required at Closing Loans (more info)
  These are not actually loan products, but can be applied to nearly any loan product offered. The intent is to avoid paying out-of-pocket expenses at the close of the loan. “No Cash” increases your loan amount by adding normal closing costs to the loan. “Zero Points,” on the other hand, eliminates certain fees at closing but increases your interest rate. Both will increase your monthly payment compared to a “regular” closing. (more info)

The EMA Difference
Offering competitively priced products is only half of the equation when it comes to providing our customers the most attractive loan package available. At EMA, the things you don’t have to worry about and the decisions you don’t have to make translate into a smooth loan closing—on-time, on-budget, and tailored specifically to you.

More than 6,000 customers in the past two decades have chosen our products and care over the services of other firms. Not only do our customers return time and again, they make the effort to refer their friends, neighbors, and children because at EMA, we know how to match lifestyles and needs with the right products and terms.

*The amount that can be borrowed is partially determined by how much of the loan and interest can be repaid each month. Higher income results in the ability to make larger payments. There are limitations imposed by the IRS on the amount of interest a homeowner can deduct.