Financial Decisions

STEP #1: KNOW YOUR FINANCING OPTIONS

Your home will likely be the largest investment you make. Before beginning the homebuilding process, it is important to review your financial situation and understand the payment options that best fit your needs.

For most homeowners, a mortgage payment will become their largest monthly expense. Because of this, selecting the right financing solution for your individual situation is essential.

Over the years, we have built strong relationships with trusted local lenders who help make the mortgage process straightforward for our customers — from application through closing. These lenders can guide you through the available loan programs and help determine the option that works best for your financial goals.

Available mortgage programs may include:

• Adjustable-rate mortgages (ARMs)
• Fixed-rate mortgages (including 30-year terms)
• Low-rate options
• Loans with little or no PMI
• Extended rate locks such as 10- to 12-month lock programs

A qualified lender will walk you through each option and help determine the best path forward based on your financial profile.

Need more information about mortgage lenders or financing?

Beth R. Smith
Beth Smith Realty Ltd
(518) 928-3057 (Cell)

Buying FAQ