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THIS WEEK
Which mortgage program fits your life
Hi there. This week I want to talk about something that affects your entire loan, but doesn't always get the attention it deserves: the type of mortgage you choose.
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RATE SNAPSHOT · October 16, 2026
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CONVENTIONAL 30-YR
7.28%
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FHA 30-YR
7.13%
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VA 30-YR
6.93%
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Source: Optimal Blue daily mortgage indices via FRED · Informational only
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Loan Programs
Not all mortgages are built the same
When you're looking at mortgages, it's easy to think they're all interchangeable. But the loan program you choose shapes everything about your loan—how your payment changes over time, what flexibility you have, and how much you'll pay in the long run. A 30-year fixed mortgage works very differently from an adjustable-rate option or a shorter loan term. The right choice depends on your timeline, how long you plan to stay in your home, and your comfort with your payment staying the same or shifting. Many borrowers don't realize they have more options than they think, or that switching programs through a refinance is possible down the road. The best loan for your neighbor might not be the best for you—and that's okay. Let's talk about which structure makes sense for your situation. Reach out and we can walk through what each program means for your budget and your goals.
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Tip of the Week
Your loan officer can run a credit simulator to show exactly which actions will move your score the most.
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Tips for Homeowners
Year-End Tax & Mortgage Planning
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1.
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Consider making your January mortgage payment in December to get an extra month of deductible interest in the current tax year (consult your tax advisor first).
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2.
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If you plan to sell next year, now is a good time to document improvements — receipts and records add to your cost basis and reduce taxable capital gain at sale.
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3.
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Review your W-4 withholding if you bought a home this year — your mortgage interest deduction may mean you're having too much withheld from each paycheck.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Brad Flores team any time and we'll walk you through your options.
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