Use our goal analyzer to help guide your choice of mortgage product.
My Goal: To Have Stable Mortgage Payments
Answer: Choose a fixed rate loan to lock in a rate that won't ever change. An ARM could be a good option if you plan to sell within the initial fixed rate period.
Considerations: You'll minimize your monthly payment by opting for a longer-term mortgage, while a shorter term will let you pay off your loan sooner and realize substantial interest savings. Keep in mind, however, that while the rate may be lower for the shorter-term mortgage, the monthly payment will be quite a bit higher.
My Goal: To Minimize My Monthly Mortgage Payment
Answer: Choose from our range of ARM loans.
Considerations: You'll generally get a better rate and lower initial payments with our ARM products. However, if you plan to keep the home beyond the initial fixed rate period of the loan, your rate and payments could increase.