There are several types of home loans available, each designed to meet different needs and situations. Taking the time to understand your options can make a real difference. Fortunately, you don’t have to figure it out alone—we’re here to guide you every step of the way and help you find the home loan that’s the right fit for you.
A fixed-rate mortgage keeps your monthly principal and interest payments the same for the life of the loan. Common terms are 15 and 30 years—30-year loans offer lower monthly payments, while 15-year loans help you pay off your home faster and save significantly on interest.
An adjustable-rate mortgage (ARM) is a loan with an interest rate that can change over time based on market conditions. The rate is tied to an index plus a margin and is typically limited by caps that control how much it can change at each adjustment and over the life of the loan.
An interest-only mortgage allows you to pay only the interest for a set period—usually 5 to 10 years—resulting in lower initial monthly payments. After that, your payments increase to cover both principal and interest, often leading to a higher monthly cost.
We’ve been helping customers afford the home of their dreams for many years and we love what we do…
NMLS: 1922207
NMLS Consumer Access
Irvine, CA 92620
Phone: (949) 350-5906
ed.hidalgo@goloanhouse.com
