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How to Choose the Right Loan Avon Park FL

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

Local Companies

American Home Loans
(813) 932-7714
320 W Fletcher Ave Ste 106
Tampa, FL

Access Mortgage
(305) 594-5896
8200 NW 41st St
Miami, FL

Anchor Realty & Mortgage Co
(850) 647-3330
Mexico Beach, FL

Kevin Wilson
(954) 975-0749
1904 Mears Pkwy
Margate, FL

Sand Dollar Mortgage Company
(239) 939-7263
17595 S Tamiami Trl
Fort Myers, FL

Service Mortgage Underwriters Inc
(305) 445-2070
260 Palermo Ave
Coral Gables, FL

Premier Mortgage Funding
(813) 639-7636
2202 N West Shore Blvd
Tampa, FL

Premier Mortgage Funding
(352) 751-6030
Lady Lake, FL

Atlantic Mortgage
(305) 828-6551
1245 W 69th St
Hialeah, FL

Mortgage Advocates
(352) 347-7806
10941 SE US Highway 441
Belleview, 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

Adventure Properties, LLC

863-899-6594
P.O. Box 7897
Lakeland, FL

Read more about How to Choose the Right Loan

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Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
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Cars	Food & Beverage	Internet	Technology
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