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How to Choose the Right Loan Cantonment FL

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

Local Companies

Hartford Financial Group
(239) 261-6700
240 Aviation Dr N
Naples, FL

First Capitol Mortgage
(407) 786-0090
320 W Sabal Palm Pl
Longwood, FL

Fifth Third Bank
(727) 587-0944
705 8th Ave SW
Largo, FL

Intercoastal Mortgage Company
(352) 241-6124
Clermont, FL

Moneylink Mortgage
(813) 319-4000
1411 N West Shore Blvd Ste 310
Tampa, FL

New World Commercial Lender
(305) 857-3424
2000 S Dixie Hwy Ste 107
Miami, FL

Mortgage Company of Miami the
(305) 856-2696
2350 Coral Way Ste 201
Coral Gables, FL

Absolute Mortgage of Central Florida
(407) 888-2872
9741 S Orange Blossom Trl
Orlando, FL

Your Mortgage Solutions
(407) 258-8266
11225 Via Andiamo
Windermere, FL

First Choice Mortgage Group Inc
(407) 622-1915
1133 Louisiana Ave
Winter Park, 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

Vermillion Mortage

(850) 934-0777
65 Baybridge Drive
Gulf Breeze, FL
www.vermillionmortage.com

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