Choosing Your Loan Type

HOW DO I CHOOSE WHAT LOAN WORKS BEST FOR ME?


A mortgage is a mortgage, is a mortgage, right? WRONG! There are many products on the market, and it’s very important for you to do your homework when determining which mortgage is best for you, and who offers the best terms for the type of loan you are considering. Today, many home buyers make costly mistakes by rushing to secure a mortgage without fully exploring their options. This often occurs because sellers often won’t consider offers on their home unless the individual(s) have been pre-approved for a loan. Since there are so many types of mortgages to choose from, our goal is to help you secure the one that is best suited for your individual situation.

1. What is your monthly PAYMENT GOAL?
2. HOW LONG do you plan to live in this home?
3. How well do you tolerate RISK?
4. Is your household INCOME going to change?
5. Would you prefer a lower monthly PAYMENT or a more rapid accumulation of equity?
6. Would you like to pay your REAL ESTATE TAXES and HOME OWNERS INSURANCE by invoice, or as part of your monthly payment?
7. Is your CREDIT in need of help?
8. Do you have money available for a DOWN PAYMENT or CLOSING COSTS?
9. Do you know at what rate homes are APPRECIATING in the area you are considering purchasing?

By the time you finish paying off the mortgage on your home, you will have paid more in interest alone that the actual purchase price of the home. It only makes sense to SHOP WISELY FOR THE BEST MORTGAGE. Purchasing a home is your biggest financial asset, and a major player in your investment portfolio.

 WE TAKE PRIDE IN WORKING WITH YOU TO FIND THE BEST LOAN TYPE AND LENDING INSTITUTION THAT WORKS FOR YOU AND YOUR FAMILY’S INDIVIDUAL NEEDS.