WHAT LOAN TYPE WORKS FOR YOU?

Loan Recommendations Tailored to YOU

Rosie the RateHero not only offers you great rates, but she understands the different loan products on the market today. Her team at The Best Mortgage Rate starts by understanding your long-term goals. We’ll uncover things like whether you value a low monthly payment, or want to pay off your loan as quick as possible. Then, we’ll use that knowledge to recommend the best loan for your circumstances. Here’s a summary of Rosie’s favorites:

Rosie the RateHero

Fixed Rate Conventional

A conventional loan has the same payments throughout the term of the loan, which can be customized to span 30, 20 or 15 years. These loans are our specialty. Benefits include:
  • Buy a home with as little as 10% down

  • Refinance up to 90% of the value of your home (80% with cash out)

  • Monthly payments remain the same for the entire term of the loan



Adjustable Rate

This loan has a fixed interest rate initially with monthly payments based on a 30-year repayment schedule. Once the initial period ends (typically 5, 7, or 10 years) the adjustable period begins, and the interest rate can fluctuate every year after. Benefits include:
  • The option for adjustment caps to limit the amount your rate can increase

  • Monthly payments based on a 30-year repayment schedule



FHA

A FHA loan is a smart option for first time home buyers, buyers with a minimal down payment, or buyers with previous credit concerns. Benefits include:
  • Buy a home with as little as 3.5% down payment

  • Minimum credit scores as low as 580



VA

We appreciate your dedication to our country. Through this governmental program, active-duty service men and women, and veterans can received discounted rates on their loan. Benefits include:
  • Purchase a home with as little as no money down

  • Sellers can pay up to 6% of closing costs

What Clients Say About Us

Land Your Dream Home With a Matching Dream Payment.

Get started by completing an application with The Best Mortgage Rate today.

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