ADJUSTABLE RATE MORTGAGES vs. FIXED RATES:

Adjustable, or "variable", rate loans can be good for you, but they are not usually the best way to get a lower rate.

When do you want to use an Adjustable Rate Mortgage?

BUT DO YOU REALLY WANT TO PAY THE PREMIUM PRICE FOR A FIXED-RATE LOAN? (The Hybrid Loan Alternative)

There are alternative loans that give you long term rate stability and still provide lower rates than the standard thirty-year fixed-rate loan.

THE "TWO-STEP LOAN"

The "TWO-STEP LOAN" is another way to get a lower interest rate so you can buy more home for your monthly payment.

DID YOU KNOW? If you use a "specialty loan" that lowers your interest rate and monthly payment, you can build a much larger equity in your home if you go ahead and make the payment that "would have been" at the higher rate. This is a great way to build an investment!

WHAT IS THE BEST LOAN FOR YOU?

Individual circumstances vary so much, there is no set rule that can give you an easy answer. If you are moving to New Mexico and want personal consultation about the right loan for you, call or email us.

Loan Payments on principal and interest on $100,000
Rate     30yr      15yr
6.75%    $648.60   $884.91
7.25      682.18    912.86
7.75      716.41    941.28
8.25      751.27    970.14

*note on a 30yr you can cut it to 17yrs by making just
one extra principal payment a year…..

CLICK HERE for a free home loan pre-qualification

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