First Time Buyer

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Shopping for the right mortgage

Finding a mortgage that's right for you should be easy. But there are many programs to choose from and many ways to structure a loan. Different loan programs will offer benefits that appeal to borrowers at different stages of life.

Before you begin, ask yourself these important questions:

  • How long do you anticipate living in your new home?
  • Do you expect any changes over the next few years, such as expanding your family or having children go off to college or move away?
  • Do you expect any changes in income due to promotions, relocations, retirement, inheritance or pensions?
  • Are you expecting a change in your investments?
  • Do you have a retirement plan at work and do you contribute to it?
  • Do you have other debt?

In the end, be sure you are given a complete picture of exactly how much your mortgage will cost you over the period of time you anticipate having the loan in place. This is the single most important factor you should consider when shopping for a mortgage. Not only does this data illustrate the bigger picture of your financial goals, it allows for adjustments should things change a little sooner than expected. A good time frame for this projection is anywhere from three, five or even up to seven years.

When shopping for a mortgage, you should always evaluate your choices carefully and consider how they will fit in with your long-term financial plan.

Call us for a free consultation. Together, we'll find the program that's best for you.

About

Solutions Financial Mortgage Co. is a local Chicagoland mortgage banking company whose primary purpose is to serve our customers with home financing solutions with extraordinary customer experience. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. Please call us today with your question or scenario and we will be happy to serve! ...

 

Contact Us

- NMLS: 267469
2700 Patriot Blvd
Suite 110
Glenview, Illinois 60026
Phone: (847) 834-0100
Email: contact@gosfmc.com

 

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Solutions Financial Mortgage Company - NMLS ID 267469 - An Equal Housing Lender and an Illinois Residential Mortgage Licensee # MB.6759313, Florida Mortgage Broker License # MBR635;

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