How do I choose the best mortgage loan?

    There are many different kinds of loans available, and it can be confusing to wade through all of them to decide which one is right for you. Ask your agent who they recommend. Most agents have a preferred lender that they trust to get their clients the best rates. When speaking with a lender, be prepared to answer the following questions:

    • Do you expect your financial situation to be the same in a few years?
    • How long do you plan to stay in this home?
    • Does the idea of a changing monthly payment scare you?
    • Do you want to be free of mortgage debt as your kids go to college and you approach retirement?

    Answering these questions can give your mortgage lender a good idea of what mortgage options are right for you.