HOME FINANCING

Shopping for the right loan is just as important as choosing the right home. Your challenge is to select the loan terms that are the best for your situation. To select the right loan you need to understand the basic components of a mortgage loan; the differences between fixed rate and adjustable rate mortgages and how a balloon loan might work for you; how to weigh the value of paying points to obtain lower interest rates and what to expect in closing costs and fees. To help get all this "money stuff" straightened out start with these contacts:

Financial Contacts

First Federal Savings Bank – Email Kris Reiff for help with your mortgage needs. Kris is an experienced loan officer at a locally owned bank which specializes in mortgages.

From the Mortgage Library at Realtor.com

3 Easy Steps to Getting a Mortgage – Examine your finances and shop around before you apply.

10 Mistakes You Can't Afford – What to avoid in your home finances.

Costs Associated with a Home Loan – Learn the lingo so you can talk money like the pros.