SGI Realty One Real Estate Blog

Hello Again!

When looking for your first home there may be a lot of talk about what type of mortgage you're going to go with.

A common mortgage that many first time buyers go with is a fixed rate mortgage.  Typically, this type of mortgage will have the same monthly payment for the entire term of the loan.  First time home buyers prefer them because they are stable and secure and allows you to foresee your monthly expenses well into the future.  They also protect you from inflation if the market is to change.

On the other hand, if interest rates are to drop you are not eligible to lower your rate unless you're to refinance.  Yet, with today's rates many are going with this type of loan as they are at an all time low and will secure you monthly payment from increasing at all!

 Until next week!

-Tim D.

>>Complete details on the Cash Back Rebate Program. If you have any questions please do not hesitate to Contact us<<