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Factors to Consider When Choosing Your Mortgage




Ready to buy a home but feeling overwhelmed by financing options?

Here are four factors to consider when choosing a mortgage:

📈 Credit Score: This three-digit number can significantly impact your interest rate and the types of loans you qualify for.

📊 Income & Expenses: Lenders want to ensure your income will comfortably cover your mortgage payments and other debt obligations.

💰 Down Payment: The amount you put down will affect your loan options, monthly payments, and need for mortgage insurance.

📆 Lifestyle & Risk Tolerance: Your term length and interest rate type (fixed or variable) should align with your financial goals and comfort level.
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