Specializing in buyer and seller representation.
Servicing the Upper Hudson Valley, Catskills, and Capital Region of New York State. Columbia and Greene Counties.
"Let us help you make your next move!"
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How to Buy a House: the 10 Steps You'll Take Before Closing:
There are many types of mortgage programs available. The right type of loan for you depends upon several factors:
When considering loan programs, the first decision is usually if you prefer a fixed rate mortgage or adjustable rate mortgage. For example, a 15-year fixed rate mortgage can save you thousands of dollars in interest payments over the life of the loan, but your monthly payments will be higher. An adjustable rate mortgage may get you started with a lower monthly payment than a fixed rate mortgage, but your payments could increase when the interest rate changes.
Use this comparison table to help you determine your preference. After you decide, visit the Types of Loans section to learn more about the features and benefits of fixed rate or adjustable rate loan programs.
|I am comfortable with a monthly payment that may vary.|
|I believe interest rates are going to decrease.|
|I believe current interest rates are low.|
|I plan to stay in my home for more than five years.|
|I plan to stay in my home for less than five years.|
|I want to buy a slightly more expensive home.|
|Instead of a more expensive home, I want the lowest possible payments.|
|I’m interested in avoiding PMI with a combine second mortgage.|
|I’m interested in a low or no down payment loan program.|
|I’m interested in a VA loan.|
|I’m building a custom home.|
|My loan amount will be greater than $417,000.|
|I’m interested in a FHA loan.|
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