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Your Trusted Adjustable-Rate (ARM) Lender

Leader in Tax ID Loans & Mortgage Solutions

Prysma Lending Group has helped thousands of families since 2003 realize their dream of home ownership through ITIN/Tax ID Loans and traditional mortgage solutions.

We are your trusted lender for adjustable-rate mortgages (ARMs).
Our experienced loan professionals sit down with you to find the best rates and loan options for you and your family. We are your dedicated partners in home ownership.
Prysma has helped families throughout Connecticut, Florida, Massachusetts, New Jersey, New York, Pennsylvania, and Texas.  

The 4 Simple Steps To Homeownership

Prysma is here to help you through the home buying process whether this is your first house or you are relocating to a new area. Here is the simple 4-Step process to owning your own home.

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Pre-qualification

You speak with one of Prysma’s licensed Mortgage Loan Originators to get pre-qualified for a loan up to a certain amount. This amount helps you determine the price range for the home that is right for you. Our loan specialists will take the time to answer all of the questions you have to help ensure you choose the best loan option for your needs.

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Find Your Home & Make An Offer

After pre-qualification you can begin shopping for your home. When looking at different home options, make sure to consider all the different factors including price, location and safety of the neighborhood. After you choose the property you make an offer and negotiate with the seller on the final sales price.

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Loan Application

You have your home chosen and a sales price is determined you revisit with Prysma’s Mortgage Loan Originator to apply and secure the perfect loan for your new home. Your dedicated loan specialist will personally guide you through each step of the loan process.

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Closing & Moving In

Once your offer has been accepted and you have been approved for your mortgage you prepare for closing and move into your new home!

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Understanding Adjustable Rate Mortage (ARM) Loans

How do Adjustable-Rate Mortgages work?

For adjustable-rate mortgage (ARM) loans, monthly payments are influenced based on fluctuating index rates, so you always end up paying a fair fee. Fluctuating interest rates mean that at times you may have higher monthly payments, but if interest rates trend lower, you may pay less than you originally anticipated.
Getting a loan that fluctuates in price is a bit intimidating but our loan specialists at Prysma will help you each step of the way. We are here to answer all of your questions and guide you toward the best priced loan options that fit your needs

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Is an ARM Loan a good fit for you?

It is the option we recommend if you plan to sell your home within 2 or 5 years. An adjustable-rate mortgage has an introductory interest rate that lasts a set period of time and adjusts annually thereafter for the remaining time period of a total of 30 years. After the set period, your interest rate will change and so will your monthly payment.

How do interest caps work?

To protect borrowers adjustable-rate mortgages place a cap on potential interest rates. This keeps the margin between the initial fixed rate and the adjustable rate reasonable. Interest rate caps are the maximum amount that a rate can rise per adjustment period as well as over the entire loan term. Interest rate caps provide a reasonable expectation of how much monthly payments an increase.

Hybrid ARM Loan Examples:

10/1 ARM: Your interest rate is set for 10 years then adjusts for 20 years.

7/1 ARM: Your interest rate is set for 7 years then adjusts for 23 years.

5/1 ARM: Your interest rate is set for 5 years then adjusts for 25 years.

3/1 ARM: Your interest rate is set for 3 years then adjusts for 27 years.

What are the Pros and Cons of an ARM Loan?

Adjustable-rate mortgages offer their own set of pros and cons. On the pro-side, ARM loans offer a lower rate during the initial period.
After the initial rate period if the index rate drops your interest rate also decreases and there are rate caps to prevent the rate from raising too high during index rate increases. The loans are a good choice for borrowers looking to relocate or pay off the loan quickly.
On the con-side, after the introductory period, increases in the index rates can lead to higher monthly payments.

Why Choose Prysma As Your Lending Provider

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Focused on Hispanic Homeownership

We know that not everyone gets treated equally in the home-buying process. We’re here to correct that for members of our community.

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20+ Years of Experience

We’re passionate about what we do, so it’s easy for us to keep growing and delivering home loans to Hispanic families

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We’re Рonest And Transparent

We want to make your home-buying experience as clear and accessible as possible. We will always be upfront with you about your options.

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We Find Solutions

The home-buying process can be challenging. We’ll help you navigate your options and find the home loan that’s perfect for you.

Get Started Today On The Journey Toward Homeownership