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How to Choose the Right Loan Atlantic Beach FL

Purchasing a home is the single largest expenditure you will make, so manage the financing with great care.

Local Companies

1st Metropolitan Mortgage
904-992-1000
4745 Sutton Park CT
Jacksonville, FL

Best Mortgage Loan
904-866-4297
5569 Bowden Rd
Jacksonville, FL

Allied Home Mortgage Capital Corporation
904-722-9770
2121 Corporate Square Blvd
Jacksonville, FL

HS Lending
904-993-1127
4540 Southside Blvd. Suite 6
Jacksonville, FL

CASTRO MORTGAGE ASSOCIATES, INC.
904-249-7975
1112 3rd Street
Neptune Beach, FL

FIRST COAST MORTGAGE SERVICES
904-768-8786
2903 LEONID RD
JACKSONVILLE, FL

American Home Equity Loan Corp
904-332-4531
2589 Park St
Jacksonville, FL

Ace Mortgage
904-768-3784
621 W 44th St
Jacksonville, FL

1st Preference Mortgage
904-279-9292
10201 Centurion Pkwy N
Jacksonville, FL

A P B Mortgage
904-394-5626
9432 Baymeadows RD
Jacksonville, FL

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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)
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

Would You Prefer a Lower Payment or More Rapid

Accumulation of Equity?

Finiancial Goal	Loan Programs To Consider
Equity Buildup	15- or 20-Year Fixed
Minimized Payment	1-, 3-, 5-, or 7-Year ARM; 30-Year Fixed

What Do You Feel Interest Rates Will Do in the Future?

Overall I Believe Interest Rates Will	Loan Programs To Consider
Rise	30-, 20-, or 15-Year Fixed; 7- or 10-Year ARM; 7-Year Balloon
Fall	1-Year ARM
Stay About the Same	1-, 3-, 5-, or 7-Year ARM

How Well Do You Tolerate Risk?

Risk Tolerance	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

Published on January 19, 2007

Read full article at realestate.com

Featured Local Company

1st Metropolitan Mortgage

904-992-1000
4745 Sutton Park CT
Jacksonville, FL

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Advertising	Family	Home Services	Real Estate Resources
Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History