Buying a new home or refinancing your home can come with many different questions. Below are the answer to our most commonly asked questions. For more information or to talk directly with a Loan Officer feel free to give us a call, we'd love to walk you through the process!
From a financial standpoint, most people can afford to purchase a home valued at two to three times your annual household income. When you meet with a loan officer they will take into account your employment history, credit history, current savings and debts and how much of a downpayment you are prepared to make. During the home buying or refinancing process your Loan Officer will walk you through the steps, help you understand the different loan options that are available to you, and help you determine how much house you can afford. Speak with a loan officer today to get started!
To understand which type of mortgage is best for you, it is important to consider a variety of factors including the current state of your finances, how much you'd like to pay on your mortgage, and how long you intend to keep your home. Our loan officers would love to get to know you and help you explore all of your options. Give us a call today!
Mortgage payments generally include:
The difference between a fixed-rate loan and an adjustable-rate loan is the amount of interest that is paid through the life of the loan. With a fixed-rate loan the interest rate stays the same throughout the life of the loan. The interest on an adjustable-rate loan can fluctuate throughout the life of the loan. If you'd like to hear more about the difference between these loans, give our Loan Officers a call today!