Cont.

Executive home loans are tailored to fit the circumstances of many consumers who have credit issues. Many borrowers have extensive credit problems when they initially apply for funds. As a result, they have to pay a higher interest rate. At this point, an adjustable mortgage might be considered to obtain a lower rate. This will allow those with credit problems a little room to repair their credit. When the term of the adjustable rate mortgage expires, the borrower's credit scores will likely have increased, allowing him to receive a lower fixed interest rate.