ou want... | You plan to... | You can handle... | You may want to consider... |
---|---|---|---|
A stable interest rate and a principal and interest payment that won’t change | Stay in your home for many years | A rate that won’t change over the term of your loan | Fixed Mortgage |
A lower introductory interest rate | Stay in your home for 3 to 10 years | The risk of increased payments | Adjustable Rate Mortgage |
A lower short-term, fixed interest rate | Sell or refinance prior to term expiration | A large, lump-sum final payment at term expiration | Balloon Mortgage |
A loan amount that is above the $417,000 conventional loan limit | Buy or refinance a residence, vacation home or investment property that is above $417,000. | A higher interest rate | Jumbo Mortgage |
table and information can be found at www.nationwide.com
More information on loans and school loan consolidation can be found at www.SchoolLoanInfo.com
2 comments:
really liked your options box at the end of the post, neat idea and very clear. Good work and a nice blog.
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