Mortgage ChecklistAnswer the following questions “true” or “false” to help you and your lender find the mortgage that is right for you.____ The difference in real interest I pay for different loans is important to me.
____ I want to own my home “free and clear” by retirement.
____ I plan to keep the house for many years.
____ I plan to own the home for a short period.
____ I have a fixed income.
____ I worry about inflation and rising interest rates.
____ I prefer a constant payment amount to one that varies.
____ I am sure that my earnings will keep pace with inflation.
____ I think changes in the adjustable rate will average out to be equal to or better than the current fixed rate.
The amount of money I have for a down payment and closing costs is: ____________