Tips for Choosing a Mortgage

Whether buying a home or refinancing an existing mortgage, it is important that home buyers and homeowners determine which type of home loan best fits their household's financial situation.  To help simplify the decision-making, Countrywide is sharing 10 tips for choosing a mortgage loan.  These helpful insights are just a few of the many valuable ways consumers may arm themselves with the knowledge needed to help achieve and maintain home ownership.

When it comes to choosing a home loan there are some basic principles everyone should consider. Two of the basics are, first, stay within your financial means, and second, never commit to anything without being 100% sure that it is in your best interests, ," says John P. McMurray, chief risk officer for Countrywide Financial Corporation, a diversified financial services provider and member of the S&P 500. "There are a number of points to consider when making a decision about taking out a mortgage loan."

Here are 10 tips to consider when deciding which type of mortgage loan best fits your household's personal and financial situation.  (more…)