Buying a Home Should Be a Pleasant Experience
We’d like to help make it that way by taking the worry out of applying for a mortgage.
Select A Mortgage Loan To Fit Your Financial Situation. Before you apply for your mortgage loan, you’ll need to decide which type of loan may be right for you.
- Conventional Loans – have a fixed rate and monthly payment for the entire life of the loan. It’s easy to budget for this type of loan because your payment will always be the same.
- VA Loans – Loans provided to qualified veterans by the Department of Veteran Affairs. No down payment is required, but a VA Funding Fee is required unless the veteran is exempt. Exemptions for the VA Funding fee are usually provided to veterans with service related disabilities of 10% or more
- FHA Loans – offer lower interest rates, require a relatively small down payment, and are insured through the Federal Housing Administration.
Is Refinancing Right For You? Generally, it’s a good idea for you to consider refinancing whenever the interest rate for mortgages is more than two percentage points below your present mortgage. And whether you apply with us for a new mortgage to buy the home you want, or to refinance your present mortgage, ask about a Homeowner’s Credit Line. It can help you save on fees when you apply; interest when you want to borrow money; and, on taxes at the end of the year.