It is important that you research different loan programs, not just the current rates. Think about how long you plan to keep the loan. If you plan to sell the home in a few years, you may want to consider an adjustable or balloon loan.

If you plan to keep the house for a longer time, a fixed loan may be best for you. Understand the relationship between rates and points. Points are considered to be prepaid interest which are tax deductible. Each point is equal to one percent of the loan. The more points you pay, the lower the rate you will get.

Shopping for a loan can be difficult. With so many programs, rates, points and fees, it's hard to figure out which program is best for you.  We will research different programs and recommend the ones that will be most beneficial to you.