A conventional loan offers fantastic rates, lower costs, and greater flexibility than other programs. Conventional loans can have a fixed or adjustable rate: fixed rate mortgages have a set interest rate for the entire length of the loan, while adjustable rate mortgages (ARMs) features a low introductory rate for a fixed period, followed by periodic rate adjustments. Additionally, a fixed rate mortgage gives you with the stability to budget your finances. Over time, the fixed rate becomes more manageable as you and your family’s income increases.
*For more information about conventional loans, including complete eligibility requirements, contact us today.
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