In order to determine which mortgage program is best for you, many factors should be considered: What is your current financial situation - do you expect it to change and when? How long do you intend to keep your home? Can your finances handle an increase in monthly payments?

A 15-year fixed-rate mortgage can save you thousands of dollars in interest payments over the life of the loan, but your monthly payments may be higher. An adjustable rate mortgage (ARM) may have an initial period wherein your monthly payments are lower than that of a fixed-rate mortgage but the payments could unpredictably get higher as the interest rate changes.

A pre-qualification with one of our Loan Specialists will help determine the "right" answer. Discussing with them your financial goals, prospects and preferences openly and candidly will help facilitate the loan process, making it easier to select the loan program that will best suit your needs. To pre-qualify a customer, one of our Loan Specialists uses the financial information you give to them, either through the telephone or using our easy, user-friendly online application to determine the loan amount you can qualify for and the loan program that will best meet your particular needs. Pre-qualification takes only 15 minutes over the phone or 24 hours from the time we receive your application online. Being pre-qualified means that a thorough examination of your income to debt ratios have been put down on paper for you to see but does not mean pre-approved.

Pre-approval is one step beyond pre-qualifying; it means that our Loan Specialist has evaluated, submitted and received approval based on your credit history and the financial information you have provided them.

If you are considering buying a home and are unclear as to which mortgage will work best for you, give one of our Loan Specialists a call and we will match you with a program tailored to meet your financial goals.