COFI, Cost of Funds Index
There are two types of indices that are used with Tulsa home loans, the cost of funds index and the 1-Year Treasury Security. The 1-year Treasury Security is more prevalent on the east coast and the cost of funds index on the west. Your Tulsa home loan representative at Southern Hills Mortgage, Inc. is knowledgeable of both indices. The cost of funds index lags market interest rates in both uptrend and downtrend movements. As a result, ARMs tied to this index rise and fall more slowly, which is good for Tulsa homeowners if rates are rising but not if rates are falling.
We Help First Time Home Buyers
First time home buyers often find themselves overwhelmed by the mortgage process when purchasing their first Tulsa home. This is why at Southern Hills Mortgage we offer special mortgage programs to first time buyers. These programs usually offer lower interest rates, lower down payments, or reduced taxes. These special loan programs combined with the guidance of our experienced Tulsa mortgage lenders at Southern Hills Mortgage will make your first home buying experience effortless.
Tulsa Real Estate Information
At Southern Hills Mortgage we offer real estate information in Tulsa and many nearby cities. Below is a brief list of some key areas where we offer our services, please browse through the information given about the areas to help guide you in finding a great location. If the area you are currently searching for is not listed below, then please contact one of our mortgage and real estate professionals today at 918.622.1709
