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Purchasing a home is the single largest expenditure you will make. Therefore, the financing of your home should be managed with great consideration.

There are many different loan products available today and it is often difficult to pick the one best suited toward your financial goals. By answering the following questions, you'll get a feel for the best loan for your financial situation.
 
 
How Long Do You Intend to Occupy This Property?
 
Length of Stay In Property
      
Loan Programs to Consider
  
             
 
1-3 Years:
      
1 or 3-Year Adjustable Rate Mortgage
  
             
 
4-6 Years:
      
5 or 7-Year ARM; 5 or 7-Year Balloon
  
             
 
7 Years:
      
10 Year ARM; 15, 20, or 30-Year
Fixed Rate Mortgage
  
             
 
Would You Prefer a Lower Payment
or More Rapid Accumulation of Equity?
 
Financial Goal
      
Loan Programs to Consider
  
             
 
Equity Buildup:
      
15 or 20-Year Fixed
  
             
 
Minimize Payment:
      
1, 3, 5 or 7-Year ARM; 30-Year Fixed
  
             
 
What Do You Feel Interest Rates Will Do in the Future?
 
I Believe Interest Rates Will...
      
Loan Programs to Consider
  
             
 
Rise:
      
30, 20, or 15-Year Fixed;
7 or 10-Year ARM; 7-Year Balloon
  
             
 
Fall:
      
1-Year ARM
  
             
 
Stay the Same:
      
1, 3, 5 or 7-Year ARM
  
             
 
How Well Do You Tolerate Risk?
 
Risk Tolerance
      
Loan Programs to Consider
  
             
 
Uncomfortable With Vulnerability
to Interest Rate Fluctuations:
      
15 or 30-Year Fixed; 10-Year ARM
  
             
 
Comfortable with Market Changes:
      
1, 3, 5 or 7-Year ARM; 5 or 7-Year Balloon
  
             
 
 
Take three minutes and apply now! No fees. No obligation.
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