Understanding Mortgage Basics
Honestly, what’s the difference?
Analyzing the different rates, terms, conditions, amortizations and payment schedules when it comes to mortgage financing.
Most clients are confused when it comes to mortgage financing. Deciding which rate to choose, which term to choose and comparing other conditions can certainly seem like a complicated process.
There is no short answer as to what mortgage terms a client should choose. It can drastically differ between clients with different priorities. Generally speaking, a lower rate is preferred (duh!) but other options, such as amortization, open vs. closed, etc. will depend on the individual investor needs.
If you ever have any questions about mortgage financing, any at all, please don’t be shy. Give me a call or send me a text or email. I am always willing to chat real estate over a cold beer or strong coffee.