Shopping for a Mortgage

In theory, finding the right mortgage should be a fairly simple process. After all, there are literally hundreds of options to choose from, including Fixed Rate, Adjustable Rate, Hybrids, and Interest Only loans, to name just a few. Mortgages are available with interest rates ranging from an introductory rate of 1.00% to well over 10.00%. Borrowers can even finance up to 100% of their home's value and, in some cases, their closing costs as well.

In reality, however, this vast selection of mortgage products has made choosing the right one a challenging endeavor, to say the least. Without sound advice from an experienced mortgage professional, consumers are at the mercy of a complex financial decision that could impact their lives for years to come. At a minimum, home buyers should consider the following questions before putting any mortgage into place:

• How long do you anticipate living in your new home?
• Do you foresee any changes over the next few years, such as expanding your family or having children go off to college?
• Do you anticipate any adjustments in income due to promotions, relocations, retirement, inheritance, or pensions?
• Are you expecting a change with regard to your investments?
• When it comes to investment strategies, are you conservative, aggressive, or somewhere in between?

As a mortgage professional, it's my job to match clients with the mortgage product that best serves their changing goals and needs. I take pride in helping each and every client succeed.

Mortgage Interest Rates*

Rates as of 03/12/2007:

*Rates are subject to change due to market fluctuations and borrower's eligibility.