Right Loan Here are many questions to consider when you are choosing the right
loan program for your needs. Our Loan Specialist will ask you to consider
the following questions when making your decision:
HOW LONG DO YOU PLAN ON LIVING IN YOUR HOME?
If you plan on owning your home longer than 5 years, it may be wise to consider
a Fixed Rate Loan. Your interest rate and payments will be set for the
full length of the loan, typically 15 or 30 years. If you plan on owning
your home less than 5 years you may want to consider an Adjustable Rate
Mortgage (ARM). The initial interest rate on an ARM is typically lower
than a Fixed Rate Loan, with will result in lower monthly payments.