Truth about Mortgages

How to finance the American Dream

Contrary to popular belief, most Americans' largest purchase is not their home. It is their mortgage, since the interest paid over the life of a home loan is usually more than the price of the home itself. And selecting a mortgage can be even more confusing than choosing a home. Mortgage costs vary widely from lender to lender. Let me help you save thousands of dollars by showing you how to compare rates, discount points, and fees to find the best buy.

Mortgages are priced off of Bond prices and even though the Federal Reserve may have lowered the interest rate, mortgage rates may have gone up on the same day that they have announced a decrease. Various factors will affect what you do from the amount of your down payment and loan you are planning to take to how long you plan on keeping your home.

Whether you want an adjustable or fixed-rate mortgage - Getting the very best deal on a mortgage loan is a key financial move for homebuyers, as well as for those looking to refinance a home loan. Going to a good, ethical mortgage broker will help you with your decision. A good mortgage broker will look at your purchase or your current mortgage and tell you how to save money, select the right mortgage or whether you will benefit from refinancing and how much you might benefit from it.

Ask me how the process works and how to save money every step of the way!