A 15-year mortgage typically has higher monthly payments but can reduce the total interest paid over the life of the loan. A 30-year mortgage generally offers a lower monthly payment, which can provide more flexibility in your budget. The right choice depends on your income, financial goals and how long you plan to own the home. We can compare both options to help determine which makes the most sense for you

Closing costs are the fees and expenses associated with completing your home loan. They may include lender fees, title charges, appraisal fees, prepaid property taxes, homeowners insurance and initial escrow deposits. The total varies depending on the loan amount, loan program and property. In some transactions, the seller may agree to contribute toward allowable closing costs and prepaid expenses. We’ll provide a detailed Loan Estimate so you can see your expected costs before closing.

A pre-qualification is an initial review of your financial information to help determine how much you may be able to borrow. It is generally based on information you provide and may not include verification of your income, assets or other documentation. A pre-qualification is not a loan approval or guarantee of financing.