Buying a new home should be a pleasant experience.

We’d like to help make it that way by taking the worry out of applying for a mortgage. That’s why we would like you to take our Home BuyAbility Test. It will help you find out how much home is right for you, so you can feel more comfortable when you apply for your mortgage loan with us.

Select A Mortgage Loan To Fit Your Financial Situation. Before you apply for your mortgage loan, you’ll need to decide which type of loan may be right for you.

• Conventional Loans have a fixed rate and monthly payment for the entire life of the loan. It’s easy to budget for this type of loan because your payment will always be the same. The rate on a conventional mortgage loan is generally higher than an adjustable-rate mortgage.
• FHA Loans offer lower interest rates, require a relatively small down payment, and are insured through the Federal Housing Administration.

Is Refinancing Right For You? Generally, it’s a good idea for you to consider refinancing whenever the interest rate for mortgages is more than two percentage points below your present mortgage. Contact us whether you want to apply for a new mortgage to buy the home you want, or to refinance your present mortgage. Refinancing can help you save on fees when you apply, interest when you want to borrow money, and on taxes at the end of the year. For more details, speak to one of our mortgage loan experts at (931) 433-1708.

Mortgage Application    Personal Financial Statement