The video puts this in more visual terms, however your individual scenario will figure out the very best sort of loan for you.
Lenders can assist you utilize your responses to choose which loan best fits your requirements.
- Do you expect your finances to change over the next few years?
- Are you planning to live in this home for a long period of time?
- Are you comfortable with the idea of a changing mortgage payment amount?
- Do you wish to be free of mortgage debt as your children approach college age or as you prepare for retirement?
Lenders can assist you in using your replies to decide which loan is the best fit for you.