When you’re shopping for a home loan, it might sound a little complicated, but it doesn’t have to be that way. The truth is that once you find a good mortgage loan officer in Potomac, MD, they’ll help you understand the aspects of the process so that you can decide for yourself which loan to take. Each type of loan will have a different interest rate and different terms, but once you compare the important parts of the loans, it will become obvious which one you should choose.
Start at the Beginning
When comparing mortgage loans, just know that they vary depending on whether they’re a refinance or an original mortgage loan. You’ll have to decide between a 15-year or a 30-year loan, and if you’re a veteran, decide if you’re interested in a VA loan. Most mortgage officers, including C.J. Kemp, keep their websites current with data that includes the latest APR, which is a great starting point and can help you a lot when determining what your monthly payment will be.
Looking at it from All Angles
While mortgage loans are not complicated, there are still tons of details you need to pay attention to when deciding which one is right for you. A good trustworthy mortgage loan officer in Potomac, MD, can help you get started, and they’ll even pre-approve you ahead of time so you’ll know exactly how much you can afford before you go out looking for houses with a realtor. The more prepared you are for the process, the easier it will be for you and your family.
