Overview
Welcome to our mortgage section. Below you will find some helpful information that can assist you in buying a home.
What is a mortgage?
A mortgage is a loan that allows you to borrow money from a lender to pay for a home, while pledging that home as security for repayment of the loan.
What are the different types of mortgages?
Typically, there are two type of mortgages: fixed-rate and adjustable-rate. Fixed-rate mortgages are loans that are often offered in 10, 15 or 30-year increments, and, as the name suggests, have a fixed rate of interest. With an adjustable-rate mortgage, or ARM, the interest rate can change during the term of the loan. When the interest rate changes, your monthly mortgage payments will change as well. If you have any questions regarding which mortgage is right for you, ask a
KWA real estate agent.
What can I afford?
Knowing what you can afford can help you narrow the search for your new home. Want to get an idea how much you can afford? Try the KWA mortgage calculator.
Back To Top of Page
Katzakian Williams & Associates Real Estate Co.
777 S. Ham Lane, Ste. A
Lodi, CA 95242
Phone: 209.333.8877
Fax: 209.333.7601
Copyright © 2000 KWA Real Estate Co. All Rights Reserved. |
