Mortgage Calculator Definitions
Type of Loans
Talk to your REALTOR®
First and foremost, one of the best resources available to you to discuss your mortgage options is your REALTOR®, who can likely recommend a mortgage professional to help you put the right financing in place.
An important but little-known fact is that it really matters where you get your mortgage when you're making an offer on a home. Sellers will often look for buyers with solid financing from lenders they know and trust, because it can make the whole transaction run more smoothly.
That's why your local mortgage lender or broker, working hand in hand with your REALTOR®, can make the difference between an offer that is accepted and one that comes in second place.
It's also important to consider your goals. Do you plan to stay in your new home for years? Will you ever rent it behind you? Is this your first home, or your fourth? All of these factors are important considerations when it comes to choosing the right loan for your circumstances.