The many different types of home loans available can seem overwhelming. Should you choose a fixed rate or adjustable rate? Should you choose a conventional loan or government loan? The truth is there is no right answer. Choosing a loan type is an important decision that is best made after you have researched your options. Remember, taking the time to explore your options now can mean saving thousands of dollars in the long run.
Ask yourself the following questions to determine what loan type is right for you:
A professional lender is the best resource available to help you decide which loan best fits your needs. To start, consider the following loan options based on how long you plan to stay in your home:
Additionally, explore these specialized loan options tailored to various needs and qualifications:
Each of these loan types has its own benefits and considerations, so weighing your financial situation, homeownership goals, and possible future changes is key to selecting the right mortgage for you.
Loan Originator
Alpine Mortgage | NMLS: 2405153