Anniemac
Inside Track

CONVENTIONAL LOAN

In light of recent changes in the financial markets, there’s never been a better time to buy or refinance a home. We have access to all of the best programs, and can offer you a quicker and more efficient process with the best available terms.

A “conventional loan” is any mortgage not guaranteed or insured by the federal government, but which is within the lending limits set by Fannie Mae and Freddie Mac. It’s a good, basic loan product that can meet most borrowers’ purchase or refinancing needs.

But there are different options available, so you can get the conventional loan that best suits your individual needs.

  • Fixed-rate loan: Your payment remains the same throughout the length of your loan, whether it’s 30-year, 10-year or anything in between. An excellent choice if you plan to live in the home for many more years.
  • Adjustable-rate loan: Your rate will adjust and your payments will fluctuate based on changes in the market. If you don’t plan to own the home for long, it’s a good way to take advantage of lower rates for the first few years.
  • Interest-only loan: You only pay the interest on the principal balance of the loan for a set period of time. A good choice if you are looking for more flexibility, because your initial payments will be less for the first five or 10 years.

Call me any time for a consultation, so we can talk about the best loan program for you. The time is right. Don’t miss out.