Top 4 Factors to Consider When Choosing Your Mortgage

Ready to buy a home but feeling overwhelmed by financing options? Here are four factors to consider when choosing a mortgage:

📈 Credit Score:
This three-digit number can significantly impact your interest rate & the types of loans you qualify for. 

📊 Income & Expenses:
Lenders want to ensure your income will comfortably cover your mortgage payments and other debt obligations.

💰 Down Payment:
The amount you put down will affect your loan options, monthly payments & need for mortgage insurance. 

📆 Lifestyle & Risk Tolerance:
Your term length and interest rate type (fixed or variable) should align with your financial goals and comfort level.

For more on choosing the right mortgage for your specific situation, check out my latest blog post!

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