|
Loan Programs
Not all mortgages work the same way
If you've been shopping around or talking to lenders, you've probably heard terms like fixed-rate, adjustable-rate, FHA, conventional, and jumbo. They're not just different names — they're different tools, each with its own pros and cons depending on your situation. A fixed-rate mortgage keeps your payment stable for the life of the loan. An adjustable-rate starts lower but can change over time. Government-backed programs like FHA loans have different down payment and credit requirements than conventional ones. The right program for you depends on how long you plan to stay in your home, your financial comfort with payment changes, and what you qualify for. I've helped plenty of borrowers pick the wrong option by accident, and it's an easy mistake to make when you're juggling information from multiple places. Let's talk through which program makes sense for your goals — reach out anytime.
|