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Types of Mortgage Loans

You'll need to consider the type of loan you prefer. First National Bank and Colorado First National Bank offers both fixed rate and adjustable (or variable) rate mortgages. In general, the principal and interest payment on a fixed-rate mortgage remains the same for the life of the loan. Your payments on an adjustable rate mortgage can fluctuate, depending on market conditions.

A loan officer can help you consider the many loan options available and which one's right for your personal financial situation. You'll gain a better understanding of your financial options, and be able to pursue your dream of home ownership with a realistic assessment of how much you can afford.  Contact a loan officer at 800-899-7977.

Introduction

Selecting a Realtor

Previewing the contract

Finding the Right Home

Comparison List

Making the offer

Types of Mortgage Loans

The Mortgage Loan

Closing the Sale

Home buying Resources

 

FNB.com home

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