Choosing a Loan Program

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Choosing a Loan Program

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Choosing a Loan Program

Residential Finance Corp :: Articles :: Choosing a Mortgage Loan Program

Choosing a Loan Program

There isn't a single or simple answer to this question. The right type of mortgage for you depends on many different factors:

Your current financial picture

How you expect your finances to change

How long you intend to keep your house

How comfortable you are with your mortgage payment changing

For example, a 15-year fixed rate mortgage can save you many thousands of dollars in interest payments over the life of the loan, but your monthly payments will be higher. An adjustable rate mortgage may get you started with a lower monthly payment than a fixed rate mortgage, but your payments could get higher when the interest rate changes.

The best way to find the "right" answer is to discuss your finances, your plans and financial prospects, and your preferences frankly with a mortgage professional.

Get Expert Advice

Call 877-473-2728
RFC has access to a full range of mortgage sources and all of our lending officers are dedicated to finding you the right loan - with the best rates, terms and costs - to meet your unique needs.
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Expert advice on ARMs

Get the real skinny on when ARMs are the right choice. Let RFC help paint a more complete picture of how Adjustable Rate Mortgages fit into the range of options available for you today.
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