With so many mortgage loan options to choose from, how can you decide what’s best? At Ace Mortgage Loan Company, we help our clients choose the best path to success in terms of home financing. We understand how stressful it can be, which is why our top of the line professionals are here to help.
There are many mortgage options to choose from. Here are a few of the most popular:
FIXED-RATE MORTGAGE
A perfect loan for those who like consistency, this will keep your interest rate the same, payment after payment. For many people, they want to be able to plan ahead for their future, which can be difficult if you aren’t sure what to expect. These are generally the best loans when you’re planning to own your home for many years. This is also a good option if you suspect interest rates will rise, and you prefer the rate you’re being offered now.
ADJUSTABLE-RATE MORTGAGE
This particular mortgage loan has benefits and downfalls. These loans have the potential to change in interest rate every month. They may go up, and they may go down, all depending on a set of varying factors. Though the flux can be frustrating to some people, the benefit is that the interest rates are generally lower.
FHA LOANS
These are government loans, as opposed to bank or private lender loans. Generally a wonderful choice for those who are first time homebuyers or low on income, these offer a lower down payment, as well as lower credit score requirements.
VA LOANS
Insured by the Department of Veteran Affairs and originally put into place by Franklin D. Roosevelt, these loans give veterans the ability to buy a home without paying a down payment. You may apply for this type of loan if you are or were in the United States military.
There are many other types of loans such as interest-only loans, reverse mortgages, and balloon mortgages. At Ace Mortgage Loan Company, we’ll help you go over all of your options. We want to make sure that our clients feel comfortable in the loans that they choose, as they will be financially responsible for them for years to come. Don’t put the biggest debt of your life into just anyone’s hands. If you’re looking for options regarding mortgage in Coconut Creek, please call us today. With over 20 years of experience, why choose anyone else?
