The most popular type of mortgage, the 30-year fixed-rate
loan, is most appealing to borrowers who want to stay in
their homes for a long period of time and who want to enjoy
consistent payments during this period. Other benefits include
keeping housing expenses to a minimum
while maximizing mortgage
interest deductions for income tax purposes.
Advantages:
Can require a low down payment,
sometimes only 3 or 5 percent
Consistent monthly payments
Stable payments, monthly payment
will not increase
Provides maximum interest deduction
for tax savings
Details:
Eligible properties include one- to four-family, owner-occupied
principal residences; second
homes and investment properties;
and condos, co-ops, and planned unit developments. Manufactured
homes are also eligible. (Manufactured housing units must
be built on a permanent chassis at a factory and then transported
to a permanent site and attached to a foundation.)
GETTING STARTED
If you would like to begin the application process for this
loan, complete our online application
or learn
more about our current rates with today's
rate sheet.
If you have questions or would like to speak with me, please
give
me a call at 888.691.0151 or drop me an email at dave@lenderdave.com.
