Selecting a Loan Program


Which Loan is Right for ME ?

There is not just one simple answer to this question. The right type of mortgage for you depends on many different factors:

  • Your current financial situation
  • Your projected future financial situation
  • The length of time you plan to live in your house
  • Your comfort level with a changing (adjustable) mortgage payment

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 higher. An adjustable rate mortgage may get you started with a lower monthly payment than a fixed rate mortgage, but your payments will be higher when the interest rate adjusts upward.

The best way to find the “right” answer is to discuss your finances, your plans and financial prospects and your preferences frankly with a mortgage professional.