A New Home Mortgage vs a New HomeBy Sheryl Landrum
Email a Friend Printer Friendly
With the recent decline in home values, many potential home buyers are nervous about buying a new home. However, mortgage interest rates are dropping, making it the perfect time for a new home loan. So if you have been thinking of improving your living conditions by buying a bigger or nicer home, consider improving your existing house instead by refinancing with a new home mortgage or getting a home equity line of credit or home equity loan.
Which Financing Fits Your Needs?First, you need to determine which loan option is best for you. In order to choose the best loan option you need to know:
You may want a better home, but that does not necessarily mean you need a new one--remodeling your existing home might be all the change you need. Don't let housing market instability keep you from realizing your dreams. With interest rates as low as they are, you can easily make the changes you want.
About the Author
Sheryl Landrum is a Senior Loan Officer with First Capital Mortgage of San Diego at the Prudential Realty Office in Bonsall, California.
30-Year Fixed Rate -Get Mortgage Quotes In Your Area
15-Year Fixed Rate -Get Mortgage Quotes In Your Area