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Common Mortgage Questions:

How Do I know how much
          house I can afford?

How do I know know which
          type of mortgage is best
          for me?


What is your best interest
           rate?

Once I am approved, how
          long will it take to close my
          loan?

Do you work with only
          one lender?

What does my mortgage
          payment include?

How much cash will I need
          to purchase a home?

How can I reduce my debt
          with a mortgage?

How are index and margin
          used in an ARM?

What is the difference
          between a fixed-rate loan
          and an adjustable-rate
          loan?

Mortgage Answers:

"What is the difference between a fixed-rate loan
                      and an adjustable-rate loan?"
 

With a fixed-rate mortgage, the interest rate stays the same during the life of the loan.

With an adjustable-rate mortgage (ARM), the interest changes periodically, typically in relation to an index.

While the monthly payments that you make with a fixed-rate mortgage are relatively stable, payments on an ARM loan will likely change.

There are advantages and disadvantages to each type of mortgage, and the best way to select a loan product is by talking to us.

Feel free to give us a call at 1.866.240.3931

We are always here to answer your questions and to help you through this process. info@ifmghomeloans.com