Home ownership is more than just a house with your name on it; it’s a financial opportunity that can create security over the years through life’s ups and downs. Whatever your goals, the right mortgage can help you along the way.
You’re ready for a starter home.
Wedded bliss is wonderful, but the grace period on the rental has just about run out. Along with big talks and decisions about growing a family in the coming years, you’re starting to think about where you want to take your finances over the next few decades, and you want the equity in your home to ease you into retirement. Get out of that tiny apartment and into a starter home that fits your family with an FHA or Conventional mortgage.
This is the year you pay off your student or auto loans
In 2018, all of your hard work and saving will finally pay off—literally—as you close a chapter on student or auto loans. You’re considering what to do with that extra cash flow, and decide you want to put those extra monthly payments to good use to pay off your home sooner. It’s time to look at refinancing options that will save money in the long run. Consider refinancing, and switching from a 30-year to a 15-year loan if the rate is right.
It’s time to bring your big project to life: Your dream home
You’ve always wanted to make a home truly your own, to put your own stamp and personality into the fiber of a house. But without the money to build a home from scratch, what can you do? Apply for a Rehab loan, which will allow you to roll the cost of the home and a remodel into a single loan, so you can get the fixer-upper you’ve always wanted. We can help you look for an FHA loan, known as 203 (k), or a conventional homestyle loan.
This is the year for retirement
Retirement. You’ve dreamed about it incessantly, and fantasized about all of the ways you’ll spend the free time gained when you finally retire this year. So, you know how you’ll spend your time, but how will you spend your money? With a home equity conversion mortgage, or HECM—sometimes referred to as a reverse mortgage—loan, you can enjoy your retirement knowing that the equity built into your home offers a financial cushion. This loan allows you to choose how you receive funds: in a fixed monthly amount, through a line of credit, or a combination of both. So take the trip of a lifetime, spend more time with the grandkids, or invest in a new hobby. After all, you’ve earned it.
Whatever your goals for 2018, the right mortgage can help get you there. Get in touch with us today to meet with a loan originator and find the best option for you.
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