In an effort to originate more mortgage loans and provide more flexibility for the consumer, The Government & mortgage lenders have created many different loan programs to suit a wide range of needs and goals for each & every borrower. In fact, there are so many options out there that it might become confusing for borrowers to decide which loan is right for them. For example, you can get fixed rate loans for terms of 10,15,20 30 and with lender like ZFG Mortgage you can even get any thing in between 10 to 30 years. You can also get adjustable rate mortgages with fixed rate periods from 3 to 10 years. can get ARM loans that allow you to pay only interest for a certain amount of time. With so many options, it can be challenging to pick the right one for your situation. The following are a few guidelines that can help you make a smart educated decision.
Determine How Much You Can Afford
Different home loans require different payment amounts each month. Adjustable rate mortgages are designed to provide low monthly payments at least for a year or two (the payments may jump up dramatically thereafter.) A 30-year fixed rate payment will probably be higher than an ARM loan initially but may balance it out over time. If you decide to go with a 15-year fixed rate mortgage your payment will be much higher because you are attempting to pay off the loan in half the time.
The key is to determine exactly how much you can afford. It may be helpful to use the lenders’ rule of thumb to figure this out. Basically your total monthly debt, including your mortgage payment+Property Taxes+Homeowners Insurance should not equal more than 42 percent of your income. So for instance, you make $5,000 a month. Forty-Two percent of that would be $2100. If you have debts each month equal to $800, then you have $1300 that you can safely put towards a mortgage payment each month. Your lender can help you figure this out, but it would be smart to know how much you are comfortable paying before you apply for a loan, as some lenders may offer you bigger loans than you really want.
Determine How Long You Plan to Stay
How long you plan to stay in your home can often be a big determining factor in which loan makes the most sense for you. If you are certain you will be moving within a few years, it generally makes most sense to take advantage of the low initial payments of an ARM loan. (Be careful though Plans do change & If the market turns sour for mortgage rates and you are unable to sell your home as you initially planned you may have to pay more money to refinance into a new fixed loan later or simply make higher payments when your rate adjusts down the road.) If you plan to stay in your home long-term, however, a fixed rate loan may provide the best predictability and terms. In today mortgage market we always recommend that borrowers go with the fixed rate option. Mortgage rates have been rising since early May 2013 & probable will keep rising until they get back to normal levels.
Determine Your Financial Goals
Finally, the type of home loan you choose should also be a product of your overall financial goals. Some people find it extremely attractive to pay off their mortgage as soon as possible in order to be free of debt and to free up cash for other things, like college tuition for children. If this is your goal, you should consider the 15-year fixed rate loan. If however, your plans are more about saving on your own while taking advantage of the valuable mortgage interest tax shelters, a 30-year fixed loan will probably suit you better. You can always make an extra payment once in a while to pay down your balance quicker if you so choose.
The better informed you are going into a discussion with a mortgage company, the better prepared you will be to make a smart decision on the loan programs available. Considering your price range, your time frame, and your long-term financial goals can give you this edge when you apply for a mortgage home loan.
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Broken Arrow is the fastest growing city in the state of Oklahoma! With an extremely low crime rate, a wonderful school district, and a family oriented community, we decided to service mortgages all over the state of Oklahoma right here in Broken Arrow. We are proud to both live and work in this great city, and would love to help you with any Broken Arrow mortgage or home loan. Our Broken Arrow loan programs include fixed-rate mortgages, adjustable-rate mortgages, first-time buyer programs, and even less-than-perfect-credit loans. In addition, our professional mortgage Associates prepare a customized pre-approval letter along with a good-faith estimate so that you can shop the Broken Arrow real estate market with confidence!
ZFG mortgage is proud to offer some of the most competitive mortgage interest rates in the . The majority of the United States mortgage industry is forecasting a steady increase in interest rates throughout all regions of the country. That means that now is the perfect time to inquire about refinancing an existing home loan or applying for a home equity line of credit. We have an assortment of flexible loan options to fit every area homeowner’s unique situation, and best of all, we aim to provide superior service; with this key point in mind we conduct all of our loans with your pocketbook as our primary focus. If you have any questions regarding mortgages or home loans, please feel free to contact us at 918.459.6530. We look forward to serving you any way that we can!
If you’re considering purchasing a home in the wonderful city of Jenks, Oklahoma, we have a home loan to suit your needs!We specialize in mortgages and home loans all over the state of Oklahoma.Our Jenks home loan programs include fixed-rate mortgages, adjustable-rate mortgages, first-time buyer programs, and less-than-perfect-credit mortgage programs. If you would like more information about getting pre-approved for a Jenks home loan, please don’t hesitate contact us at 918.459.6530.
Currently, our mortgage rates are some the best the nation has ever had.If you own home in the Jenks area and you’re considering refinancing a high interest-rate, or would like more information about our competitive home equity rates, now is the time.We offer a confidential and secure online application service, or if you prefer, you can call us at 918.459.6530 and one of our professional mortgage Associates will guide you through the loan application process.
Considered one of the most desirable places to live in the Tulsa, Oklahoma area, Owasso’s real estate market is surging!There is a high demand for home loans in the city of Owasso due to a booming economy and record high commercial and residential construction.In fact, Owasso is supporting over 500 new homes per year!We will work with you to find the ultimate Owasso home loan for your unique situation, so whether you are looking to purchase a new or existing home, we have the Owasso mortgage for you!
If you already own a home in Owasso and would like more information on refinancing your home, you have come to the right place.We also offer home equity loans and lines of credit if you are looking to consolidate debt or remodel your Owasso home!Be sure to check out our daily interest rates; the most competitive rates in the state of Oklahoma.If you have any questions about Owasso Mortgages or Homes Loans, don’t hesitate to call one of our Mortgage experts at 918.459.6530. Call today!
Here at ZFG Mortgage, we take pride in our ability to service the entire state of Oklahoma with superior customer service while offering the most competitive interest rates.However, we always prefer meeting a client face-to-face, and because Bixby, Oklahoma is right next door to our office in Broken Arrow,Oklahoma, we are happy to provide service to Bixby residents for all of their home-loan needs!Whether you need to refinance your current home, submit a new home loan application, or obtain a good-faith estimate, we have professional mortgage Associates standing by to answer any and all questions!
The best way to start the home buying process is to obtain a pre-approval letter from your lender.There are several advantages to obtaining this letter; first of all, it will give you the upper hand in any multiple offer situations.The effect that will have on a perspective seller can be extreme, and more and more sellers are requiring a pre-approval letter before looking at any offers.A pre-approval letter will also provides you with an exact price range, giving you the added confidence of knowing what you can afford.Our mortgage experts will also be happy to provide you with a free good-faith estimate, which will allow you to adjust your monthly finances with precision.If you would like to get started on a complete online loan application, or to simply request basic information, feel free to e-mail us or call us at 918.459.6530
Zeshu Financial Group
5807 S Garnett Rd Suite I
Tulsa, Oklahoma 74146
Toll Free 1-877-205-7266 | Fax: 918-459-6535
Since we opened our doors, ZFG Mortgage has provided superior service to Tulsa home buyers and home owners. We specialize in mortgage loans, mortgage refinancing, and home-equity loans. Whether you’re a first-time buyer or an experienced real estate investor, we have the mortgage loan program for you. We are proud to offer you the necessary tools and information to help you make an educated decision when it comes to refinancing or purchasing a home in the Tulsa, Oklahoma area! Mortgage calculators, daily updated Tulsa interest rates, pre-approval letters, good-faith estimates and personalized service are some of the things that allow ZFG Mortgage to be Tulsa area Mortgage experts
Tulsa Lender Pre-approval
Letter
Tulsa Loan Application
Getting a mortgage pre-approval letter has never been more important. The first to take any well executed Tulsa area home search is the pre-approval process. More sellers are refusing to look at any offer in less there is a pre-approval letter attached. This process will not only give you a precise price range, but it will give you the confidence of knowing what you can afford. ZFG mortgage goes the extra mile with a custom good-faith estimate that will allow you to adjust your monthly finances with precision. Also, a pre-approval letter from a trusted mortgage company like ZFG mortgage will give you the upper hand in any multiple offers situation. If you would like to apply for a pre-approval on any one of our loan programs we offer three convenient ways, online with our secure server, by phone or in person with our professional mortgage Associates.
Tulsa Financing |
Home Loan Programs
We offer a large variety of Tulsa home loans including, fixed rate mortgages, adjustable rate mortgages, first-time buyer programs, stated income programs, home equity line of credit loans, and we even have “less than prefect credit” programs! If you are considering refinancing your home, check out are daily interest rates! We want you to remember we are here to help you anyway we can, we want your long term business as well as your referrals, which is why we always advise you to make choices based off of you and your family not our profit. If you have any question or would like to apply for a loan in person or over the phone please feel free to contact us at 918.459.6530
Tulsa Mortgage Refinancing
Oklahoma Mortgage Refinancing
If you currently own a home within the state of Oklahoma, ZFG Mortgage can provide you with refinancing information and quotes absolutely free. At this time, Oklahoma mortgage interest rates are some of the lowest the state has ever seen, and ZFG mortgage is proud to have the most competitive interest rates in the Tulsa area!Our mortgage and home loan refinancing application is quick and easy.You can apply online with our secure server, by phone, or face-to-face with one of our professional mortgage experts.Our highly trained mortgage Associates will provide you with a custom report explaining the advantages and disadvantages of refinancing your current mortgage.Here at ZFG mortgage, our advice reflects your financial interests.If you have any questions about our refinancing programs, or for current interest-rate information, please do not hesitate to contact us at 918-459-6530.
There are countless reasons people need home-equity loans these days.We at ZFG Mortgage are happy to offer competitive interest rates and a quick and easy way to apply.We service home-equity loans the entire state of Oklahoma and have developed a straightforward and time-saving process for your added convenience.If you have any questions or would like to apply, please contact us at 918-459-6530.
Zeshu Financial Group
5807 S Garnett Rd Suite I
Tulsa, Oklahoma 74146
Toll Free 1-877-205-7266 | Fax: 918-459-6535
Tulsa mortgage | Home Mortgage Tulsa | Mortgage Tulsa 