There is a big difference between the best rate and the mortgage to fit your needs. For secure lower rates, I would suggest a 10 or 15 year fixed. However, these terms might not fit into your financial plan. I would suggest you speak with a highly qualified mortgage planner who could provide you with several options and not just the mortgage that best suits the companies profit margin. Call me for a free consultation and I will be happy to review your options. 972-661-5136

The Best Loan?This could be described as many different things. One with very low closing costs, one with the lowest rates.The first thing that you need to decide is how long do you plan on living in this property for? Are you a risk taker? The reason that I ask these questions are:If you plan on being in the house a long time you should consider a 30 year fixed rate. If you plan to be in the house a short time you may want to take out a loan with no to low closing costs. You may also wish to take out a short term/ hybrid ARM. Why pay a 30 year fixed rate if you only plan to be in the house for 5 to 7 years?

I will suggest a 30yr fixed conventional. I am assuming you would like a low monthly payment and you also plan on staying in the home for longer that 7 years. If this is not the case I will suggest you to lower your down payment to 5% and look in to a 5 or 7 year adjustable rate mortgage.

Hey Don. Hope you are having a great week. It is definietly a great time to be in the market with rates at record lows this week! The best loan depends on your circumstances. It is based on your wants and goals. With the level of down payment you have you should not have any problem with getting into a home with enough income to cover the debt ratio. If you give me ten minutes of your time I can give you the information you need at no cost or obligation. If you decide to work with me from there I charge no fee to you for my services, to lock in, apply, commit or any thing else you hear every where else. Please call or take a minute to apply online and we can taylor a deal that fits your needs. I am a mortgage loan expert at your disposal.Brad Cahoone972-724-3222 ext 227bcahoone@globalhomefinance.comapply online: http://globalhomefinance.com/apply.php