Which
loan is right for you?
There are many excellent Loan Programs available
and the mortgage that is right for you depends on many different factors:
- How long you intend
to keep your house.
- Your current financial picture.
- How you expect your finances to change.
- How comfortable you are with your mortgage payment changing.
For example,
a 15-year fixed-rate mortgage can save you many thousands of
dollars in interest payments over the life of the loan, but your monthly
payments will be much higher. An adjustable rate mortgage may get
you
started with a lower monthly payment than a fixed-rate mortgage, but
your
payments could get higher when the interest rate changes.
Please investigate
the Loan Program categories but remember that the best
way to find the "right" answer is to discuss your finances,
your plans and
financial prospects, and your preferences openly with a mortgage
professional.
Tailoring the right loan for your unique life
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