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Summation
Step 2 - Mortgage Programs
and Rates
To properly
analyze a Mortgage Program, the borrower needs to think about how long they plan
to keep the loan. If you plan to sell the house in a few years, an adjustable or
balloon loan may make more sense. If you plan to keep the house for a longer
period, a fixed loan may be more suitable.
Shopping for a
loan is very time consuming and frustrating. With so many programs to choose
from, each with different rates, points and fees, an experienced mortgage
professional can evaluate a borrower’s situation and recommend the most
suitable Mortgage Program. Thus allowing the borrower to make an informed
decision. Next
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