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Which mortgage is right for you? Below are some Q&As that can help you figure out your own wants and needs in a mortgage. Then we will work with you on a Customer Needs Assessment to find the best mortgage for you. Q: How do I get the lowest monthly payment if I plan to move in a few years? A: If you are looking for the lowest monthly payment and plan to stay in your home for a short period (typically less than five years), short-to- mid-term adjustable rate mortgage may be your best option. Q: How do I get a low monthly payment if I plan to be in my home longer then five years? A: You have several good options to consider including a fixed longer-term mortgage or intermediate ARM program. Q: What if have very little money saved for a down payment? A: Your option include a Bank of America Neighborhood Advantage Zero Down loan, an FHA loan or, if you are a veteran a VA loan. IF you are a teacher, firefighter, police officer or healthcare professional, a Bank of America Neighborhood Champions programs loan could be ideal. You should also consider combination loans (primarily 80-20). For another option that may meet your needs, we introduce our No Fee Mortgage PLUS Program. With it you bring less to closing because we waive all the traditional fees associated with a purchase mortgage Plus, these is no requirement for private mortgage insurance. Q: What if I have no traditional credit references, but I pay my rent and other bills on time?. A: We have several flexible credit option, including a Bank of America Neighborhood Advantage Credit Flex loan, an FHA loan or, if you are veteran, a VA loan. If you are teacher, firefighter, a Bank of America Neighborhood Champion Program loan may be right for you.
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Maribel Hurtado
Office: (561) 515-3754
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