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CerinoHomes of Northern Virginia - Fairf

Mortgage: Selecting a Loan Program - Which Loan is Best?

There is not a simple answer to this question. The right type of mortgage depends on many different factors:

  • Your current financial situation
  • Your projected financial situation
  • The length of time you plan to live in your house
  • Your comfort level with a changing (adjustable) mortgage payment

For example, a 15-year fixed rate mortgage can save you many thousands of dollars in interest payments over the life of the loan, but your monthly payments will be higher. An adjustable rate mortgage can begin with a lower monthly payment than a fixed rate mortgage, but your payments will be higher when the interest rate adjusts upward.

The best way to find the "right" answer for you is to discuss your finances, your plans and your preferences frankly with a mortgage professional.


Berkshire Hathaway Home Services/PenFed Realty
45245 Business Ct, Suite 101
Dulles, VA 20166

Each Office Independently
Owned and Operated

Hosted by

agent photo
Todd Cerino
Berkshire Hathaway Home Services/PenFed Realty

1886 Metro Center Drive #200
Reston, VA 20190
Phone: 703-201-8898
Fax: 703-738-7254
Email: todd@cerinohomes.com