There isn’t a single or simple answer to this question. The right type of mortgage for you depends on many different factors.
Your current financial picture?
How you expect your finances to change?
How long you intend to keep your house?
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 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.
The best way to find the “right” answer is to discuss your finances, your plans and financial prospects, and your preferences frankly with one of our mortgage professionals.
What we can offer you!
We offer our customers a variety of services that make their purchasing or refinancing process more tolerable. Our first priority is YOU, the customer and finding you the program that best fits your needs. Some of the ways that we do this are:
Personal Service– our sincere commitment to the client’s welfare is how we got to where we are today. Over the years we have focused our efforts on making the customer feel safe and secure when entrusting us with their home loan. Together with our dedicated affiliates, we provide an easy transaction for our customers. First and foremost we provide you with superior service at a below-market rate. We guarantee you that there are no hidden fees and that you are being taken care of by our dedicated staff.
Prequalification – this is when we look at your income, debts and assets to determine the type of loan you are capable of getting. The prequalification will also take into consideration the market interest rate. Contrary to thought borrowers contract between the lender and the borrower. This is a letter that states that the borrower, after reviewing their financial position, can qualify for the program stated in the pre-qual. This is a very important service for a home buyer that is putting an offer on a house. This letter shows that as a buyer is qualified and should have no problem getting a loan for this home.
Pre-approval – a pre-approval is a commitment by the lender to provide a loan to that borrower. Unlike the prequalification for a pre-approval, the lender has checked the borrower’s credit and verified that the information that you provided was correct. The lender has determined that you are undoubtedly qualified for the loan amount stated in the pre-approval letter.
Honest Loan Evaluation– this is our most important service because here we are able to find out what you are trying to do. You will speak with one of our many qualified loan officers and they will help you get to where you want to be. By giving us your financial picture we can help you develop a plan. We look out for your best interest and steer you in the direction that you feel most comfortable with. Many borrowers do not know many of the benefits that come with refinancing and our job is to help them realize these benefits.