{"id":1225,"date":"2016-04-19T18:48:33","date_gmt":"2016-04-19T18:48:33","guid":{"rendered":"http:\/\/maximumlending.com\/new\/?page_id=1225"},"modified":"2022-02-13T02:00:16","modified_gmt":"2022-02-13T02:00:16","slug":"choosing-the-right-loan","status":"publish","type":"page","link":"https:\/\/maximumlending.com\/choosing-the-right-loan\/","title":{"rendered":"Choosing the Right Loan"},"content":{"rendered":"\t\t
Maximum Lending offers a variety of home financing options for buyers of all kinds. It can be difficult to understand the\u00a0types of mortgages<\/a>\u00a0and refinancing options at your disposal. If you\u2019re wondering which loan is the right choice for you, this guide can help you understand your options.<\/p> Fixed Rate Mortgages<\/strong><\/p> A fixed rate mortgage offers many advantages over other home financing options, making it perfect for both first time home buyers and more experienced buyers. With a fixed rate mortgage, your interest rate will stay the same over the duration of your loan, offering stability for your monthly budget.<\/p> Adjustable Mortgage Loans<\/strong><\/p> A fixed rate mortgage is not the right loan for every buyer, and one of our adjustable rate mortgages (ARMs) may be a better fit than a conventional fixed rate mortgage. If you are looking to refinance your mortgage, but need lower payments than a 15 Year Fixed Rate Mortgage or 30 Year Fixed Rate Mortgage can offer, an adjustable mortgage loan can be the right choice for you.<\/p> ARM loans offer the flexibility of lower rates and payments for fixed terms of 3, 5, 7, 0r 10 years with lower initial interest rates than\u00a0Fixed Rate Mortgages<\/a>. Adjustable rate mortgages may be perfect for buyers who often relocate, real estate investors looking for\u00a0investment property loans<\/a>\u00a0or for growing families that may need to\u00a0buy a larger home<\/a>\u00a0down the road.<\/p> FHA Loans<\/strong><\/p> The Federal Housing Authority insures\u00a0FHA loans<\/a>\u00a0so that mortgage lenders like Maximum Lending can extend home purchase financing and refinancing to buyers who might not be able to otherwise afford a new mortgage. These loans can be a great home financing option for buyers who need a first time mortgage, since they require lower down payments as little as 3 percent and have much friendlier\u00a0 job and credit requirements than traditional mortgages.<\/p> Contact a Mortgage Lender Specialist<\/strong><\/p> Maximum Lending offers a variety of other types of mortgages to meet the needs of any buyer, including\u00a0VA Loans<\/a>,\u00a0Interest Only Mortgage<\/a>,\u00a0Jumbo Mortgage loans<\/a>,\u00a0Reverse Mortgage<\/a>\u00a0and\u00a0home improvement loans<\/a>\u00a0to meet the needs of any home buyer. Contact one of our licensed mortgage lender specialists today to begin your\u00a0loan application<\/a>. Get your Maximum Lending Mortgage today.<\/p> \t