Selecting a Mortgage
Selecting your mortgage is almost as important as selecting your home. There are many things to consider. What you decide may make a big difference in your monthly payments and in the overall cost of your loan.
What do you need to know?
- Learn how to evaluate different mortgages and use our mortgage worksheet.
- Understand mortgage rates.
- Understand the differences between fixed and adjustable-rate mortgages.
- Know how 15-year, 20-year, 30-year and 40-year mortgages change your monthly payments.
- Understand down payments and closing costs.
- Determine how much you can afford.
