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Shopping for the right mortgage

Finding a mortgage that's right for you should be easy. But there are many programs to choose from and many ways to structure a loan. Different loan programs will offer benefits that appeal to borrowers at different stages of life.

Before you begin, ask yourself these important questions:

  • How long do you anticipate living in your new home?
  • Do you expect any changes over the next few years, such as expanding your family or having children go off to college or move away?
  • Do you expect any changes in income due to promotions, relocations, retirement, inheritance or pensions?
  • Are you expecting a change in your investments?
  • Do you have a retirement plan at work and do you contribute to it?
  • Do you have other debt?

In the end, be sure you are given a complete picture of exactly how much your mortgage will cost you over the period of time you anticipate having the loan in place. This is the single most important factor you should consider when shopping for a mortgage. Not only does this data illustrate the bigger picture of your financial goals, it allows for adjustments should things change a little sooner than expected. A good time frame for this projection is anywhere from three, five or even up to seven years.

When shopping for a mortgage, you should always evaluate your choices carefully and consider how they will fit in with your long-term financial plan.

Call us for a free consultation. Together, we'll find the program that's best for you.

About

Established in 1980 in Chatham, New Jersey to offer real estate-related financial assistance to customers, Mortgage Access Corp. has grown by leaps and bounds. Currently serving customers in 36 states, Mortgage Access Corp. leads the way in providing a full array of services under one roof, including mortgage loans, insurance, and title and closing services. By seeking out and contracting with Fannie Mae (the Federal National Mortgage Association), Freddie Mac (the Federal Home Loan Mortgage ...

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Contact Us

Mortgage Access Corp.
225 Littleton Road
Morris Plains, New Jersey 07950