There was a time in the not-so-distant past when financing the purchase of a home was relatively uncomplicated. You went to your local savings and loan and signed up for a 30-year, fixed-rate mortgage loan.
Those days are gone, probably forever. Today, you have what seems like an endless array of choices, different rates, terms, down payments, fees, etc. (One lender told us there are literally more than 40,000 available loan options on computer database!) So how do you pick the combination that makes the most sense for you?
Having spent many years helping buyers understand the ins and outs of financing a home, we’ve developed a complete guide (available for FREE on our website) to assist you in evaluating which mortgage is best for you. More than any other single factor, choosing the right mortgage will influence whether or not your investment is a good one.
Let’s say you get a great price on a home, but you end up with a mortgage that has high fees and a high interest rate. You could see the money you saved disappear in a very short time.
Keep in mind that a great mortgage for one person may be terrible for another. Each of us has different circustatnces that determine whether a particular loan is a good deal or not, whether you're just starting out or nearing retirement, how secure your job is, how long you plan to be in the home, etc. We are willing and able to assist you and put you in touch with a highly qualified mortgage lender who will explain all your options. Give us a call for a full report on home loans or with any question whatsoever. It's our pleasure to serve you.
ABOUT THE BLOG OWNER
TIMOTHY H. FENNELL, PA
Tim Fennell is a Florida licensed Real Estate Broker with Legends Land and Realty, Inc. in Jacksonville, Florida.
His strong background in business development, real estate investments, counseling and marketing greatly enhance his skills as a Listing and Internet Marketing Specialist.
Tim and his wife, Susan, have over 30 years experience in Jacksonville Real Estate sales, marketing and investing. Both are Accredited Consultants in Real Estate (ACRE®). When you're ready to be consulted with, rather than sold to, give Tim and Susan Fennell a call.
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