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Monday, September 12, 2005

Don't forget the Mortgage (article review)

Betting on the Right Loan
Buyers Looking Only for the Lowest Payment Could Be Gambling With Their Future

By Sandra Fleishman
Washington Post Staff Writer
Saturday, September 3, 2005; Page F01

This article is a wonderful reminder that the loan decision is a very important one that can be easily pushed aside admist the home buying excitement. Once the ink on the contract is dry you can easily change the paint color in the kitchen. It will be a little more expensive to change your loan package early in your ownership.

Fleishman reviews several different loans including interest only, option ARM and 40yr mortgage. Research is a key part in deciding which loan is best for you. Speaking with an expirienced loan officer can help you make an informed decision.

If you are in the begining stages of buying a home I would encourage you to review this article. It offers a good overview of the current loan market. As always, I am available to refer you to a loan officer to help educate you on what

To view this article online use this address:
http://www.washingtonpost.com/wp-dyn/content/article/2005/09/02/AR2005090201148.html

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