Financing Your Home
For almost everyone, financing is
what makes home ownership possible. Pacific Legacy Homes
is pleased to be working with mortgage industry leader Countrywide
Home Loans. We understand that every buyer’s financial
needs are unique so our relationship provides one of the
widest selections of loan programs. Also, their mortgage
loan expertise will match the loan with your needs.
|
|
Family of Services
You can find everything that you need in one place to make your
home buying experience convenient. We can help you handle all
the details of financing, protecting, and closing your new home,
so you can focus on what matters most—preparing for the
move. There are two easy ways to learn more about the family of
services, whether it’s finding a loan or getting expert
advice. Countrywide is here for you by telephone at 1.866.670.5273
or online at www.countrywide.com.
The Loans to Get You Home
Countrywide offers a variety of home loans for every borrower.
You find everything that you need to know about each type of loan
and its advantages from their loan advisors. Their team of loan
professionals will help you focus on actually living in the perfect
home instead of dreaming about it. Before you contact Countrywide
Home Loans, here is a chart to start you thinking about home ownership
goals and loan strategies.
| Your Home
Ownership Goals |
|
Your Loan Strategies |
| Plan
to live in your home for many years. |
|
Loan
interest rate over a long period of time. Since you're going
to be making payments for years to come, your best strategy
may be a fixed rate
loan and paying points to get your rate as low as possible. |
| Plan
to sell or refinance your home in just a few years. |
|
Avoid points and closing costs since
the difference in interest payments won't typically make
up for your out-of-pocket costs at closing.
Also, try for a smaller down payment.
A fixed
period ARM is a good choice for holding rates down
for a set number of years.
|
| Want
to pay off the home loan by the time your children go off
to college. |
|
Shorter
term loans such as a 15
year fixed rate home loan are a smart way to ensure
you can use income for other goals later in life. Plus you build equity faster. |
| Want
to budget for a fixed payment each month. |
|
A
fixed rate loan has a principal and interest payment that stays
the same for the entire term of the loan. |
| Comfortable
with periodic changes to interest rates if it means you
get more home now. |
|
Adjustable rate mortgages are a great solution for people with incomes that are going to grow and will
quickly refinance or be able to afford a larger payment
in a few years should the interest rates rise. |
|
