 The type of
mortgage that is right for you depends on many factors. Your current financial situation
and credit history, expected change in circumstances or family size, comfort level with
the "risk" of an adjustable mortgage payment change, length of time you plan to
stay in the home you wish to purchase are all possible considerations.
The best way to sort through the options
available is to talk with a mortgage loan officer. Call your bank or mortgage company to
set up an appointment for a loan pre-qualification or pre-approval. A pre-qualification is
an estimate of the amount of mortgage you are likely to qualify for. It is not binding on
the financial institution. A pre-approval is an actual loan commitment prior to a signed
purchase agreement on a specific property. We would be happy to supply you with a list of
mortgage sources. |
Documents For Loan
Application