Choosing The Right Mortgage:

There is a wide selection of mortgages available in today's market, and you should narrow the field by considering your particular situation. Your choice of mortgage will be influenced by questions such as:

  1. How many years do you expect to live in your new home?
  2. How important is it to be free from mortgage debt before your children's college bill or planning for your own retirement?
  3. How comfortable are you with the certainty of a fixed mortgage payment versus a payment that can change over time?
  4. Is your income stable enough to afford a mortgage and particularly a shorter term mortgage such as a 15 year mortgage that carries a higher payment. Concult with your licensed investment advisor to determine if you can afford to obtain a mortgage.