Hampton Funding Group is offering a FREE no obligation report called “The Ten Things You Need To Know Before You Get Any Mortgage, Even If You Don’t Get It From Us!” 
  Hampton Funding Group provides two easy ways to apply for a loan. All methods are completely secure, are free of cost and risk, and totally confidential.


Refer to our Mortgage Glossary to better understand some commonly used mortgage terminology.


Mortgage expenses for processing your loan vary. You need to consider the closing expenses associated with your loan.


 There are many important things to consider when purchasing a home, especially if you're a first time buyer. Here's some information that can keep you on track.

  
Choosing a loan — Fixed Rate, Adjustable Rate or somewhere
in between? Home loans come in many shapes and sizes. Deciding which loan makes the most sense for your financial situation and goals means understanding the benefits of each.
  

 
  • Plan to live in home more than 5 years
  • Like the stability of a fixed principal/interest payment
  • Don't want to run the risk of future monthly payment
    increases
  • Think your income and spending will stay the same
  


 
  • Plan to live in home less than 5 years
  • Don't mind having your monthly payment periodically change (up
    or down)
  • Comfortable with the risk of possible payment increases in
    future
  • Think your income will probably increase in the future
  


 
  • Want the stability of a fixed principal/interest payment in the
    short term
  • Want to repair your credit by demonstrating your ability to
    make regular payments, then refinance for a lower interest
    rate
  • Have a lot of consumer debt (these loans typically allow
    more)
  • Want to borrow more and get a lower monthly payment than a
    standard fixed rate loan
  
 
       
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