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May 13, 2008


Which Construction Mortgage is Right for Me?
 


A New Construction Loan is best for building a new home. If you are building a garage for an existing home or remodeling your home, you'll want to look into refinancing or a home equity loan.

What kind of mortgage should you choose for your construction loan? Please select the statements that best apply to you. Then read about the suggested loan types.

Regarding monthly payments,
I like the security of a fixed payment over the life of my home loan
I'd rather have a lower monthly payment
I plan to live in my next home less than 5 years
My downpayment may be less than 20%

 

For more information or assistance in qualifying and choosing the right mortgage, call one of our loan experts or contact us with your mortgage question.

Equal Housing Lender
Click here for more information on how to contact a Mortgage Officer
 

 

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