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Home Mortgage Loan Options

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Compare FHA Home Loan, Jumbo Mortgage, and Super Jumbo Mortgage Rates

The home mortgage loan option that's right for you may be very different than the loan option that's right for your next-door neighbor, your in-laws, or your best friends.

One way to look at the question of "which loan option is right for me"? is to consider how long you anticipate living in the house you want to purchase.

Estimated Years
You'll Live in House:		 Best Options Include:
1-3 3/1 ARM, 1 year ARM, 6 month ARM, Balloon
3-5 5/1 ARM, Balloon
5-7 7/1 ARM, Balloon
7-10 10/1 ARM, 30-year fixed, 15-year fixed, Balloon
10+ 30-year fixed or 15-year fixed

Another way to look at the loan options is to consider which type of loan mostly closely meets your needs, both now and in the future.

Comparing the overall costs of various home loan options - including principal, total interest over the life of the loan, points, fees, insurance, etc. - should be a part of your analysis, but it's not necessarily going to be the most decisive factor. For example, a young, first-time home buyer who anticipates steady growth in annual income is in a very different financial position than a vacation home buyer who plans to retire in the next few years. The difference in their personal situations may dictate very different financing solutions.

That's why it's so important that you actually talk with a mortgage expert. The experts at Total Mortgage not only know where to find the best rates they can also help you figure out the kind of financing that makes the most sense for you. Call now at 877-868-2503.

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Call a Total Mortgage expert now at 877-868-2503 to find out how we can customize a mortgage loan with some of the lowest current mortgage rates for you.

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