The lending industry offers a bewildering array of different loan products and programs to consider. Before an informative decision can be made, it's important to explore your long and short term goals and objectives and talk with me, your experienced Loan Consultant about the following:
Do you expect your monthly income to increase, decrease or stay the same over the next few years?
Will your other debts be increasing or decreasing?
How long will this home meet your needs?
Do you plan on keeping this home as a rental in the future?
Are you a risk taker or are you more comfortable with stability?
Would you rather have a lower monthly payment in the short term, knowing it may increase later?