WHAT IS RIGHT FOR ME

Loan Options

Understanding your loan options is a major step in finding the right loan. This is about how long you think you will keep the loan—not how long you will stay in the house.

LOAN TERMS

30 Years, 15 Years, or Other

Loans with shorter terms usually have lower interest costs but higher monthly payments than loans with longer terms. A lot depends on the specifics – exactly how much lower the interest costs and how much higher the monthly payments depend on which loan terms you are looking at as well as the interest rate.

When choosing the term, you should consider:

Shorter Term

Longer Term

INTEREST RATES

Fixed Rate or Adjustable Rate

Interest rates come in two basic types: fixed and adjustable.

This choice is about whether your interest rate and your monthly principal and interest payment can change. Also, it affects how much interest you will pay over the life of the loan.

FIXED RATE

Adjustable Rate

MORTGAGE CALCULATOR

What Can You Afford?

CTA-Mortgage Calculator Augusta Financial