Say YES To Lower Gulfport Home Mortgage Payments
If you are like the many Gulfport home owners who took advantage of the teaser rates offered by adjustable rate mortgages a few years ago, your rate may soon be rising as the fixed period on your loan comes to an end. As your mortgage begins to adjust, your payments will likely rise. If keeping your payments low is important to your family, take action before your fixed rate period ends.
There are ways to maintain your low mortgage rate and keep your monthly payments from fluctuating. Options include refinancing your adjustable rate mortgage into a fixed rate loan or getting a new loan with a longer term.
Whether the best option for you is to refinance your adjustable rate mortgage into a fixed rate mortgage, or another adjustable rate loan, will depend on how many more years you plan to live in your Gulfport home. If you are going to live in your primary residence for several more years, a fixed rate mortgage will give you stable, predictable payments. With a fixed rate mortgage, you can plan your monthly budget around your house payment.
On the other hand, if you plan to sell your home in the next few years, another adjustable rate mortgage may be better for you. Because adjustable rate mortgages have lower rates during the fixed period of the loan, you can enjoy low payments while you live in your home and save money to use for your next home purchase. Proper planning is essential to making an adjustable rate mortgage work for you. If you are able to sell your home or refinance your mortgage before your loan adjusts to a higher rate, you can save a significant amount of money with an adjustable rate mortgage.
Every homeowner has a unique situation, so it is important to speak with a loan officer to learn about all of your options before you make a decision regarding your mortgage. For more information on mortgage options, contact us today.
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They do very well in getting the information needed for you so you can decide on the property being reviewed. Very professional and quick to respond. They keep you informed on all steps during the process of the purchase.
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Jennifer BatesGulfport, MS
I have worked with Amanda and her team on several transactions, both as a buyer and a seller. They are very proactive, accessible, and responsive. The team knows the market very well, and lays out a well thought out and deliberate strategy to close a deal in a timely manner.
After browsing through houses for a few weeks on Zillow, Trulia, Movado, etc. I was feeling so overwhelmed and then God sent an angel! Mary called me out of the blue and I didn’t know what to do but accept her assistance. I am so glad I did! She has made the hassle of house searching and buying such a memorable and enjoyable experience. Mary has been upfront with us about each house we’ve looked at, giving us the positives and negatives. Mary wasn’t just interested in selling us a house. S…
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We contacted Amanda & Associates in December 2015 and was put in contact with Jordyn Favret. From day one, Jordyn was thorough and professional. She went above and beyond to deal with an extremely difficult seller even spending hours in the evening and on the weekends to close the deal on the property. Jordyn answered all of our questions and when she didn’t know the answer, she made the effort to investigate it and get back with us in a timely manner. She met with the rental manager and viewed …
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Andrea & Kyle Woodard
Without a doubt, this has been the best home purchasing experience. I am so impress with everyone at Amanda & Associates. David Becher was exceptional! He contacted me on a regular basis and understood my goals. Finding the perfect cottage on the Gulf Coast has moved me one step closer to retiring in such a beautiful and fun area. Brittany Brackett is another person I want to acknowledge. She consistently communicated with me on the administrative paperwork. Because of her attention to detail, …
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