|
Mortgage Basics
Why your loan type matters more than you think
When you're shopping for a mortgage, the interest rate gets most of the attention. But the type of loan you choose—fixed-rate, adjustable-rate, FHA, conventional, VA, or USDA—shapes your entire borrowing experience. Each one has different rules about down payments, credit requirements, how your payments work, and what happens if rates move. A loan that works beautifully for one person might not be right for another. The right fit depends on your timeline, your comfort with risk, and your financial picture. I've seen borrowers save real money and sleep better at night just by matching the right program to their actual situation. That's worth a conversation. Let's talk about which loan program makes the most sense for where you are right now.
|