Which Mortgage is the Right Mortgage for Me?
Borrowers routinely question lenders and loan officers about the right mortgage for them. Loan officers and lenders are wary of answering. Many factors affect the right mortgage and lenders lack all the important details about the borrowers needs. As a result, the lenders speak in options available. Fixed Rate or ARM? 5 Year, 10 Year, 15 Year, 30 Year or something else? Winning Mortgage, Winning Home guides borrowers through how to answer this question and makes recommendations for different situations in a borrowers life.
Question for a mortgage
How large of a down payment should be made? Should one refinance credit card debt into a mortgage? Why should someone planning to get a mortgage never co-sign a student loan for children? A number of questions may never be addresses in getting rate quotes for different loan types. Should one pay points to lower the interest rate? Should one roll all the closing costs possible into a mortgage?
Perhaps the borrower needs a reverse mortgage or parents need a reverse mortgage. How does a reverse mortgage work, how much money can a reverse mortgage provide? Frequently, a forgotten question misses what problems might occur with a reverse mortgage.