Southen AZ Homes - The Best Loan Section

Shopping, comparing, and negotiating may save you thousands of dollars.

When buying a home, remember to shop around, to compare costs and terms, and to negotiate for the best deal. Your local newspaper and the Internet are good places to start shopping for a loan. You can usually find information both on interest rates and on points for several lenders. Since rates and points can change daily, you’ll want to check your newspaper often when shopping for a home loan. But the newspaper does not list the fees, so be sure to ask the lenders about them.

  • Federal Reserve Board

    Shopping around for a home loan or mortgage will help you to get the best financing deal. A mortgage--whether it’s a home purchase, a refinancing, or a home equity loan--is a product, just like a car, so the price and terms may be negotiable. You’ll want to compare all the costs involved in obtaining a mortgage. Shopping, comparing, and negotiating may save you thousands of dollars.Skip to content

  • Federal Reserve Board - Spanish

    La comparación de precios de hipotecas o préstamos de vivienda lo ayudará a conseguir términos de financiamiento más favorables. Una hipoteca--ya sea para la compra de una vivienda, un refinanciamiento, o un préstamo sobre el valor líquido de su vivienda--es un producto igual a un auto, y por lo tanto, el precio y los términos pueden ser negociables. Usted querrá comparar el costo total que implica el obtener una hipoteca, ya que el negociar y comparar precios podría ahorrarle miles de dólares.


Finding a mortgage can be a strenuous process. It can seem as though there are dozens of different types with different interest rates, different lengths and other terms. To find the "right" mortgage not only should you consider those items, you should also consider your objectives:

  • How long do you expect to live in the home?
  • Do you see the mortgage just as a "financing vehicle" or do you have anxiety about being in debt with a desire to pay off the mortgage as fast as possible?
  • What is your tolerance for increases in monthly payments?

Your evaluation should include types of mortgages (fixed rate, adjustable variable rate and balloon) along with the lengths and other terms. Here is a calculator that will help you determine monthly mortgage payment levels with different types of mortgages.

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