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Loan Programs
Not all mortgages work the same way
When you're shopping for a mortgage or thinking about refinancing, you'll hear terms like fixed-rate, adjustable-rate, FHA, conventional, and VA thrown around. They're not just different names—they work differently, come with different rules, and suit different financial situations. A fixed-rate loan keeps your payment stable for the whole loan term. An adjustable-rate mortgage might start lower but can change over time. Government-backed programs like FHA have different down payment and credit requirements than conventional loans. The right choice depends on how long you plan to stay in your home, your tolerance for payment changes, and what you qualify for. It's worth understanding which programs you're actually eligible for and how each one would play out in your scenario. Let's talk through which program makes sense for your goals.
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