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  1. Get prepared
  2. Choose your loan
    1. Choose the loan type that makes sense for you
    2. Choose a down payment option that you can live with
  3. Shop around
  4. Evaluate offers
  5. Handy calculators for home buyers

Choose Your Home Mortgage Loan

Now that you’ve taken the steps to get prepared, you’re ready to choose the loan that’s right for you. Today there are so many loan options that it’s easy to be confused and lenders may push loans that sound great but might not be in your best interest.

How can you spot the right loan?

…lenders may push loans that sound great but might not be in your best interest

Everyone’s situation is different, so we’ll help you find one that suits your specific needs. Think of buying a car – wouldn’t it be nice if the dealership gave you the base price and then a checklist of every option along with a summary of what each option was and who would really benefit from it? Well, just like choosing a car your loan needs to have the right set of options for you. The difference is when you get stuck with a set of extra floor mats, you’re only out a hundred dollars. But a bad home loan can cost you thousands or even tens of thousands of dollars and leave you feeling the pinch each month.

The two big choices are the type of loan and the options for your down payment. We’ll help you make sense of both so you can tell the lender what you want and how you want it even if they’d prefer to be the one setting the terms.

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myFICO is the consumer division of FICO. Since its introduction over 25 years ago, FICO® Scores have become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use FICO Scores to make consumer credit decisions.

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Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA

An Industry Standard – FICO Scores are used in more than 90% of lending decisions

Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA

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