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

Our Personal Bankers and lending professionals provide financial solutions and take pride in making each and every Goldwater Bank experience a pleasurable one. We put the needs of our customer first, and depend on our collective knowledge base to provide a uniquely collaborative banking and lending experience. Our online & mobile platforms provide an unprecedented level of flexibility that we feel is the standard of our customer's modern expectations. With our mobile-centric solutions, you can ...

 

Contact Us

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- NMLS: 452955
Phone: (800) 375-4719
Email: marketing@goldwaterbank.net

 
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All rates and programs subject to change without notice. An equal housing lender. NMLS #452955

Goldwater Bank


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