Getting a Great Mortgage for Your New Home Purchase

When you are thinking about buying a new home, getting the best price is likely one of your top priorities. Even if you have a little wiggle room in your budget, you can save money by finding the best mortgage rates possible. Getting a good mortgage rate does not have to be a headache. While there are a vast array of lenders, online and throughout Fort Lauderdale, NHL lending can offer you excellent rates and amazing customer service.

best mortgage rates in Fort Lauderdale

We know you will want to shop around to find the best rates, let us help you discover the benefits of getting your mortgage rates through NHL lending. We are here to help ensure you get the home you need at rates you can afford.

Finding the best mortgage rates in Fort Lauderdale, Fl.

Purchasing a home is a great accomplishment for families, but housing prices can be difficult, especially when you figure in interest rates, closing costs and homeowner’s insurance. Searching Fort Lauderdale mortgage quotes can help you find a few good options in regards to your lender.

When checking for the best mortgage rates in Fort Lauderdale, make sure to check out NHL lending. We offer a variety of loan options, coupled with great customer service and a staff of knowledgeable loan officers who are ready to help. Visit the website to learn more about the different types of loans we have available.

Impact of the best mortgage rates in Fort Lauderdale

When you purchase a home, you are not only purchasing a home, you are purchasing a mortgage. You may be wondering, how will my mortgage rate affect my house payment? Fort Lauderdale mortgage rates will affect how much you spend on your home. When you purchase a home, the listing price is not what you will actually pay (unless you pay in cash). Your mortgage interest rate will determine how much you have to pay in extra finance costs. For example, a $300,000 would cost you about $515,609 with an interest rate of 4 percent if you made minimum monthly payments for 30 years. When you are checking out mortgage rates in Fort Lauderdale, FL, we’ll Adjustable rate mortgages and fixed rate home loanshelp you understand how the interest rate will impact your monthly payments and overall cost of your home.

We offer a variety of different mortgage options to ensure that you get the best rates possible. We will help you understand the different types of mortgages so you can make the best choice possible. While interest rates make a big difference in your monthly payments and the total amount of money you will have to repay, you can save additional funds by choosing the right mortgage loan. Many potential homeowners do not understand that there are several options regarding home loans. We’re here to help.

Types of mortgages to consider

At NHL lending we want to help you find the best mortgage rate possible, which is why we’ll help you understand the different types of nationwide home loans available to you. A few of the most common loans include:

Fixed rate/ Adjustable rate loans:  This type of loan is targeted toward homeowners who plan to stay in their home for at least a few years. This ensures your rate will stay the same throughout your payment period. An adjustable rate loan allows short-term owners to save money on their payments, but the interest rate changes with the market, so it is not ideal for individuals who want a steady payment every month.

FHA Loan: The Federal Housing Administration loan helps low- to middle-income families get a mortgage. The FHA helps these families take advantage of down payment benefits (including a significantly lower required down payment/closing cost. Click here to learn more about FHA loans.

VA Loans: The Veteran Affairs office can help veterans and families of veterans get lower interest rates on their home loans. The purpose of a VA loan is to help reduce the down payment and offer lower rates on fixed-rate mortgages. We are one of the few qualifying lenders authorized to offer these loans.

Jumbo Loans: This type of loan helps buyers interested in purchasing homes that are more expensive than loan limits set by Fannie Mae and Freddie Mac. Currently, the loan limits range between $400,000 and $625,000. Homes that are more expensive require a jumbo loan.

Reverse Mortgage: This loan is a low-interest loan for seniors. The loan uses the equity in the home for collateral against the loan. This amount of money offered in this type of loan is determined by the value of the home and the age of the youngest owner. This loan offers flexibility as it does not need to be repaid until the homeowner moves away or dies. The estate has 12 months from the time of death to repay the loan.

Low interest rates on your mortgage could help you save thousands of dollars, and choosing the right mortgage can help you save even more money and make your monthly repayments easier to afford. When you work with a professional lender, we can help ensure you save the most money and get the best loan possible.

At Nationwide Home Loans, we work to help even the most difficult loans go through. We offer competitive pricing, professional experience, and various loans so you can find exactly what you need. We keep every aspect of loan processing in house, to ensure that your loan is handled professionally and efficiently.

Call us today to schedule an appointment with one of our lending officers.

By |2019-02-22T23:41:59+00:00April 1st, 2015|Mortgage Rates Advice|Comments Off on Getting a Great Mortgage for Your New Home Purchase