But is it the right mortgage for you?
By Charles Stallions Real Estate Services, Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.
(Charles Stallions Real Estate Services Inc)
Find the Right MortgageTime spent shopping for a mortgage is time well spent. Before you rule out one loan or another, give some thought to your particular needs and wishes. Prequalifying before house hunting puts you ahead of the game. You already know the standard of mortgages for which you qualify. The message is simple: Shop for a loan, not a lender. Hunt for the best loan - interest rate, points, processing costs, etc. Don't pay much attention to who's originating the loan or where it is. First, you should review the major kinds of mortgages you may encounter. This list doesn't explain them all, but it does contain those you will most likely see. Fixed-Rate Mortgage (FRM)This is the standard mortgage model. It is the oldest and most easily understood type of mortgage. Its primary ...
Comments
1