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Compare Loan Programs |
Posted
on Tuesday, August 10, 2004 - 05:02 PM PST
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At 0FeeMortgages, you’ll find a variety of loans to choose from –
and we may approve any of them in just minutes.
There are several factors to consider when choosing a loan. Do you want the stability of a fixed rate, or are you willing to accept a little more risk in exchange for the lower initial rate of an adjustable mortgage?
How long do you plan to stay in your home?
How much do you want your monthly payment to be? The following grid outlines the features and benefits of each of our loan programs.
| 15, 30 & 40 Year Fixed | 5/1 Treasury ARM | 3/1 Treasury ARM | 1 Year Treasury ARM | 2/6 & 3/6 LIBOR ARM | 5/6, 7/6 & 10/6 LIBOR ARM | 12 MAT ARM | 5 & 7 Year Balloon |
I want a stable monthly payment | | | | | | | | |
I want to buy as much house as I can | | | | | | | | |
I plan to own my house for 5 years | | | | | | | | |
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I believe interest rates are likely to rise | | | | | | | | |
I need flexible monthly payments | | | | | | | | |
I want to avoid negative amortization | | | | | | | | |
I want the lowest possible payments | | | | | | | | |
I plan to refinance within 5 years | | | | | | | | |
- Best Choice |
- Better Choice |
- Good Choice |
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