Life of the loan
- If you have plans to own your home for only a few years you may want to consider a balloon or adjustable loan.
- If you plan to reside in your home for a longer period, you may want to look at a fixed loan.
Relationship between rates and points
- Each point is equal to one percent of the loan.
- Points are prepaid interest and tax deductible.
- The greater the amount of the points you pay the lower your rates will be.
Making comparisons
- With the many programs we have to offer you, all of which have different rates, points, and fees, choosing the right program can be difficult.
- Let our experienced loan officers guide you to the best rates and proper loan programs.