Mortgage loans come in many shapes and sizes. Fixed Rate Mortgage Loans can be financed over 10, 15, 20, 25, 30, or 40 years. Adjustable Rate Mortgage (ARM) Loans can be structured several ways, and some types can be converted into fixed rate loans.
Which mortgage loan is right for you? Several factors need to be considered—
First Star Financial Corp. identifies the type of mortgage loan than fits your precise needs—something that will save you thousands of dollars over the lifetime of your loan.
- Credit history and current income
- Cash available for down payment
- Other debt
- How much equity is in your home
- Interest rates and interest rate trends
Learn how the mortgage loan process works step-by-step.
Learn about how we pre-qualify you for your mortgage loan.