| A Homebuyers Service From CLHLLC |
FINANCE 101
Chris as Your Buyers Agent will tell you about Home Finance. He will begin with types of mortgages, then credit scores, and finally private mortgage insurance. Please, look over the materials below, discussing important finance information.
Thanks for visiting. CHRIS HARKER. YOU CAN'T MISS
REALTOR. PREMIERE PLUS Realty WITH CHRIS
MORTGAGE BROKER. GULFSIDE Mortgage Call him today! OK?
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TYPES of MORTGAGES
Adjustable-rate loans. After an initial number of years, the interest rate on an adjustable-rate mortgage (ARM) loan is re-set. This is to keep the rate in line with current market interest rates allowing the lender to earn a profit. But you get a lower interest for a few years. These loans are good for people who intend to keep their home for only a few years. A 3/1 ARM loan offers a fixed rate for the first three years, adjusting the rate once each year thereafter.
Fixed-rate loans. Because they offer a monthly payment that is known and does not change, fixed-rate mortgage loans are the most popular type. Most fixed-rate mortgages are for loan terms of 15 or 30 years, but terms of longer are now available. to make homes more affordable to lower income people. A 40 year loan has lower payments but a slightly higher interest rate than a 30 year loan. A 30 year loan has lower payments but a higher interest rate than a 15 year loan.
THE CALL IS FREE AND TAKES 10 MINUTES. PHONE “CHRIS” NOW AND DISCUSS HOME LOANS AND HOME BUYING,
AND START YOU ON THE ROAD TO HOME OWNERSHIP
CHRIS WON'T LET YOU MISS. OK? So Call him today!
