Purchase
Whether you will purchase a home for the first time, a
second vacation home, or move to a bigger home as your family and income
grow, choose the best mortgage choice for your unique situation. The
Barnett Brothers team works closely with you to determine the best mortgage
option that complements your financial picture.
Silver State Mortgage offers a variety of mortgage loan options and programs, and we will help you chart the optimal course given both your current situation and future financial goals.
Some questions to ask:
1. When will I next move or refinance? Hide
If I plan to stay in my home for at least 7 years
A traditional fixed rate mortgage offers a consistent monthly payment and interest rate that never vary. This may be a good decision if you plan to remain in your home for more than seven years.
If I plan to move or refinance within 7 years
A hybrid adjustable rate mortgage offers a fixed rate component for a specific length of time, and then becomes an adjustable rate loan for the remaining life of the loan. The fixed rate component can be anywhere from 6 months to 10 years, but the most common fixed rate components are 3, 5, or 7 years. This may be a good decision if you plan to move in the next few years, as adjustable rate mortgages generally have a lower interest rate than fixed rate mortgages.
2. Which best describes my monthly income? Fixed/salaried or Variable/commissions Learn more
Click here to see the Barnett Brothers approach to the loan process in detail..
