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Learn About Mortgage
Choosing The Right Mortgage:
There is a wide selection of mortgages available in today's market, and you should narrow the field by considering your particular situation. Your choice of mortgage will be influenced by questions such as:
- How many years do you expect to live in your new home?
- How important is it to be free from mortgage debt before your children's college bill or planning for your own retirement?
- How comfortable are you with the certainty of a fixed mortgage payment versus a payment that can change over time?
- Is your income stable enough to afford a mortgage and particularly a shorter term mortgage such as a 15 year mortgage that carries a higher payment. Concult with your licensed investment advisor to determine if you can afford to obtain a mortgage.