The Right Term For Your Mortgage

The term of a Mortgage is normally from 6 months to 10 years. Making a choice to take one term over another may be as simple as thinking about how long you plan to stay in the house. If a move is imminent, a shorter term may be the best option.

If you are a First Time Buyer and want to be sure your payment stays the same for 5 years, them a longer term is a good option.

Usually the shorter the term the lower the rate. However many people prefer the comfort of a longer term mortgage for stability in payment.

When it comes to your biggest investment, don’t trust just anyone.  Let the combined experience of “Your Durham Mortgage Solutions Team’ at Mortgage Intelligence guide you to a low rate and the right terms. Apply now.