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LOAN
PURPOSE
Purchasing a Home
Buying your first home? Moving to a
larger or smaller one? Relocating? Whether you're a first time buyer or
a veteran, the more you know about buying a home, the easier it will
be.
The hardest part is
knowing what to expect and where to begin. You need sound information
to get you started in the right direction - or to help you complete
the process. StoneCastle Land & Home Financial can provide
you with the guidance you need, so you can focus on finding the
home of your dreams.
Home
Loan Types
Though the number of
mortgage programs and options has grown in the last decade, the type
of loan that's right for you still depends on how much you can afford
and what your future plans are. Depending on your personal situation,
some home loans may be more attractive than others.
For example, a
fixed-rate loan, the most popular option today, works best for those
planning to put down roots. You've locked in your rate for the term
of the loan, whether it's for 15 or 30 years. However, some buyers
may opt for an adjustable-rate mortgage (ARM), because its initial
interest rate is lower than a fixed-rate loan - and it lets you
qualify for a larger loan amount. But with an ARM, the interest rate
floats, meaning it may go up or down over the life of the loan,
affecting the size of your mortgage payment.
Construction,
Rental and Investment Property
With each area so
unique please contact Toni with your lending needs and she will be
happy to provide you with all your options.
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Refinancing Your Home
Want to use the equity in your home
for college tuition or home renovations? Switch an adjustable-rate loan
to a fixed-rate one? Lower your monthly payments? Pay off your home
faster by getting a shorter term? If so, you might consider refinancing
your home.
When is the Time Right to Refinance?
Many factors go into determining if it's right for you to
refinance. To determine if it's the right time for you to refinance,
contact Toni.
Refinancing Loan Types
Though the number of mortgage programs and options has grown in the
last decade, the type of refinancing loan that's right for you still
depends on how much you can afford and what your future plans are.
Depending on your personal situation, some loans may be more
attractive than others.
Home equity lines of credit
Second mortgages for purchase or cash out
Second mortgages, more popularly known
as home equity loans, provide a way for homeowners to finance just
about anything, from kitchen remodeling to college for your kids. A
home equity loan gives you a fixed interest rate on a lump sum for a
major expenditure - putting the equity in your home to work for you.
Equity loans are popular because the
interest charges are tax-deductible, just as interest is deductible on
first mortgages.
Give Toni a call or send an
email now
to employ her expertise for
your loan transaction!
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