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 one-size fits all type of answer. Choosing a loan type is an important decision that is best made after you have the available options for your particular situation, which is best concluded after consulting with a professional mortgage loan advisor. Remember, taking the time to explore your options now can mean saving thousands of dollars in the long run.
Considerations to think of in advance of meeting with your professional mortgage loan advisor include:
Do you expect your financial situation to change over the next few years?
Do you plan to live in your current home for a long time?
Do you feel comfortable with the idea of a changing mortgage amount?
Do you want to be free of mortgage debt by the time your children go to college or you retire?
Your TruLoan Mortgage advisor will review your needs and the various factors involved to understand the options available so you can make the rirght decision for you and your family.
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