The Loan Process
Apply For A Loan
Research Loan Programs & Apply for your Loan
What loan program is best for your situation? Work with American One Mortgage to identify the loan type that fits your personal needs:
1. Think about how long you plan to keep the loan. If you plan to sell your home in a few years, you may want to consider an adjustable rate or other flexible loan products. If you plan to keep your home for a longer time, you may want to consider a fixed rate loan.
2. Understand the relationship between rates and points. Points are considered prepaid interest and may be tax deductible. Each point is equal to 1 percent of the loan. For example 1 point on a $150,000 loan is $1,500. Typically, paying points will result in a lower rate.
3. Compare different loan programs. With so many programs to choose from, it's hard to figure out which program is best for you. Consult an experienced loan representative at American One Mortgage who can help you find a loan program that best fits your short- and long-term plans.
What loan program is best for your situation? Work with American One Mortgage to identify the loan type that fits your personal needs:
1. Think about how long you plan to keep the loan. If you plan to sell your home in a few years, you may want to consider an adjustable rate or other flexible loan products. If you plan to keep your home for a longer time, you may want to consider a fixed rate loan.
2. Understand the relationship between rates and points. Points are considered prepaid interest and may be tax deductible. Each point is equal to 1 percent of the loan. For example 1 point on a $150,000 loan is $1,500. Typically, paying points will result in a lower rate.
3. Compare different loan programs. With so many programs to choose from, it's hard to figure out which program is best for you. Consult an experienced loan representative at American One Mortgage who can help you find a loan program that best fits your short- and long-term plans.
