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How to Choose the Right Loan Boca Raton FL

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

Local Companies

Wells Fargo Home Mortgage
561-241-2164
2000 Glades Rd., Ste. 400
Boca Raton, FL

International Land Consultants - Hawkes Bluff
(561) 368-3335
4400 N federal Highway
Boca Raton, FL

Grubb & Ellis
(561) 893-6285
2255 Glades Road
One Boca Place, FL

Wells Fargo Home Mortgage
561-241-2164
2000 Glades Rd., Ste. 400
Boca Raton, FL

Keyes Commercial Real Estate
561-613-2377
1200 Yamato Rd., Ste. B1
Boca Raton, FL

WCS Lending, LLC
561-864-2554
6501 Congress Ave., 3rd Fl.
Boca Raton, FL

Benchmark Mortgage
(561) 999-8977
17200 Newport Club Drive
Boca Raton, FL

LendingOne
561.756.4190
7251 W. Palmetto Park Road
Boca Raton, FL

Axcess Commercial Lending
561-929-9699
500 Fairway Dr., Ste. 110
Deerfield Beach, 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

Wells Fargo Home Mortgage

561-241-2164
2000 Glades Rd., Ste. 400
Boca Raton, FL

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