The many different types of home loans available can seem overwhelming. Should you choose a fixed rate, adjustable rate, or government loan mortgage? The truth is there is no right answer. Choosing a loan type is an important decision that is best made after you have researched your options. Remember, taking the time to explore your options now can mean saving thousands of dollars in the long run.
Ask yourself the following questions to determine what loan type is right for you:
A professional lender is the best resource available to help you decide which loan best fits your needs. Follow the general guidelines outlined below to get started selecting the best mortgage for your home.
Remember, this is just a general guideline. To determine which loan program will best suit your needs and current financial standing it is highly recommended to discuss your options with a mortgage lender. The loan officers of BlueGrey Mortgage have over decades of experience individually and are always happy to answer any questions—even if you are only in the stage of considering all of your options.