|
Mortgage Basics
Why your loan type matters more than you think
When you're shopping for a mortgage, it's easy to fixate on interest rates. But the type of loan you choose—fixed-rate, adjustable-rate, FHA, conventional, VA—shapes your entire borrowing experience. Each has different rules about down payments, how your rate works, what you'll pay over time, and how much flexibility you have down the road. A fixed-rate mortgage gives you predictability; an ARM might lower your early payments but introduces uncertainty later. Government-backed loans can mean lower down payments; conventional loans might offer different perks. The right choice depends on your timeline, risk comfort, and financial goals—not just which rate looks best today. Let's talk through what actually makes sense for your situation. Give me a call so we can walk through which loan program fits your life and budget.
|