What are the loan products that San Francisco Mortgage Company offers to purchase a house?
San Francisco Mortgage Company offers both 30-Year Fixed-Rate Loans and 15-Year Fixed-Rate Loans. Choose a 30-Year Fixed-Rate if: ▪ You want low monthly payments that do not change ▪ You want a loan that’s generally easier to qualify for ▪ You’re planning to stay in your new house less than 10 years If you have a fixed loan, your house payment remains the same regardless of the interest rate. This means if the interest rate increases, your house payment will not. However, if rates go lower than your loan rate, San Francisco Mortgage Company will help you refinance quickly and possibly with no out-of-pocket costs (depending on the program you choose). The interest you pay on your loan can be tax deductible. Please consult your tax preparer for specifics of how your taxes will be affected. 30-Year Fixed-Rate Loans are by far the most common and popular loans available. They are ideal for first-time buyers, and buyers with smaller reserves of cash.
