what to select? fixed or adjustable rate mortgages

10
Fixed or Adjustable Rate Mortgages What to Select?

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Page 1: What to Select? Fixed or adjustable rate mortgages

Fixed or Adjustable Rate

Mortgages

What to Select?

Page 2: What to Select? Fixed or adjustable rate mortgages

Home Purchase

Purchasing a new home or

property is one of the biggest

decisions that everyone can face

financially today.

Here are some ideas to be

considered when purchasing a

home and obtaining a mortgage

home loan.

Page 3: What to Select? Fixed or adjustable rate mortgages

Credit Score/History

Page 4: What to Select? Fixed or adjustable rate mortgages

Credit Score or History

Obviously, the better your

credit score the more it

will help you to obtain a

mortgage with a much

lower interest rate.

Page 5: What to Select? Fixed or adjustable rate mortgages

Low/Bad Credit History

However, if your credit score or

history is not good, then don’t

give up, your mortgage broker

will definitely assist you in

finding the most suitable home

loan with the selection of

lenders, who are willing to lend

to you, at a higher interest rate

of course.

Page 6: What to Select? Fixed or adjustable rate mortgages

Adjustable Rate Mortgages

Types of Mortgages

Fixed Rate MortgagesFixed Rate Mortgages

Types of Mortgages

Adjustable Rate Mortgages

Page 7: What to Select? Fixed or adjustable rate mortgages

Fixed Rate Mortgages

A fixed rate mortgage is the type of

home loan in which the rate of

interest will remain the same for the

entire term of your home loan,

usually 15 or 30 years.

However the fixed rate mortgage

comes with higher interest rates and

more expensive payments every

month.

Page 8: What to Select? Fixed or adjustable rate mortgages

Adjustable Rate Mortgages

An adjustable rate mortgage is the

type of home loan in which the rate

of interest can increase or decrease

periodically, meaning your monthly

payment can change either up or

down, as often as once or twice a

year.

Page 9: What to Select? Fixed or adjustable rate mortgages

Fixed and Adjustable rate loans

Finally, the fixed and adjustable rate

loans are two different financial

options available in the marketplace.

So, when looking for a home loan, it

is important to know its merits and

demerits in advance to avoid

upcoming financial or other

mortgage related issues in the

future.

Page 10: What to Select? Fixed or adjustable rate mortgages

http://www.457visamortgages.com

Thank You

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