The Right Loan

Purchasing a home is the single largest expenditure you will make. Therefore, the financing of your home should be managed with great consideration.

There are many different loan products available today and it is often difficult to pick the one best suited toward your financial goals. By answering the following questions, you'll get a feel for the best loan for your financial situation


How Long Do You Intend to Occupy This Property?

Length Of Stay In Property

Loan Programs To Consider

1-3 Years

1 or 3-Year Adjustable Rate Mortgage (ARM) or even 5 Yr Fixed .

Note: Sometimes 5 Yr. Fixed program has better rate Than 1-3 Yr. Fixed. 

4-6 Years

5- or 7-Year ARM;
5- or 7-Year Balloon

7 Years

10-Year ARM;
15-,20-, or 30-Year Fixed Rate Mortgage

Note:  It is also a good idea that if you are planning to stay in the property for short period of time, consider the Interest Only payment program.

 

Would You Prefer a Lower Payment or Rapid Accumulation of Equity?

Financial Goal

Loan Programs To Consider

Equity Buildup

                        15- or 20-Year Fixed

Minimize Payment

                        1-, 3-, 5-, or 7-Year ARM; 30-Year Fixed
                        Or Interest Only or Negative Amortization Programs.

 

How Well Do You Tolerate Risk?

Risk Toleration

 Loan Programs To Consider

Uncomfortable With Vulnerability To Interest Rate Fluctuations

15- or 30-Year Fixed;
10-Year ARM

Comfortable With Market Changes

1-, 3-, 5-, or 7-Year ARM;
5- or 7-Year Balloon

 

If you want to seek our professional advice about the right loan for you, please Contact us through email: broker@premierfundingloans.com or call us at 510-279-7715

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