Choosing a loan program

There is no a single or simple answer to this question. The right type of mortgage for you depends on many different factors such as:

• Why do you need a loan?
• What type of mortgage program will integrate with your financial plans?
• What are your financial plans?
• What is your current financial situation?
• How large down-payment can you effort?
• How do you expect your finances to change?
• How long you intent to keep your home?
• How comfortable you are with your mortgage payment changing?

Think about how long you plan to keep the loan

Understand the relationship between rates and points

Points are considered to be prepaid interest and are tax deductible. Each point is equal to one percent of the loan. So for example 1 point on a $150,000 loan is $1,500. The more points you pay, the lower the rate you will get.

Compare different programs

Shopping for a loan can be difficult. With so many loan programs to choose from, each of which has different rates, points and fees, it's hard to figure out which program is best for you. That's where an experienced loan officer can help you make a decision that's best for you.

Find a trusted Mortgage Planner

The best way to find the "right" answer is to discuss your finances, your plans and financial prospects, and your preferences frankly with a mortgage planner.

At ARK Mortgage & Property Investment we are dedicated to help you make informed mortgage decisions that integrate with your financial plans. Contact us to secure your financial future now.

We offer verity of financing programs such as Fixed Mortgage Rate, Adjustable Mortgage Rate, Interest Only, Options, and Stated Income Mortgage or No Income Verification mortgage programs.