Perennial Funding > Blog > Mortgages > Choosing Your Ideal Loan

Choosing Your Ideal Loan

Procuring a loan is a serious matter. Borrowing can be stressful and often confusing, considering the average borrower is not a financial guru. Perennial Funding provides mortgage specialists to determine the type of loan best suited for the borrower. Even with Perennial Funding’s expertise and personal assistance throughout the process, our clients must consider their own situations as well.

First, make sure you can be responsible for this financial obligation. If you are burdened by other financial obligations, a loan may not be your best option at the current time. If you can afford the financial responsibility behind a loan, make sure you do not over stretch yourself. With our Loan Affordability Calculator, we give our clients a chance to calculate their ideal loan. Though this is simply an estimate, you will be better equipped to request the loan you’d like. Again, mortgage specialists will assist you with this process, every step of the way.

Next, become acquainted with loan phrases, and language. Nothing is worse than being confused or not following what a person is saying. If your doctor spoke in code, you’d likely be uncomfortable following his medical advice. That uncomfortable feeling is no different when speaking with a mortgage specialist. You don’t need to be an expert, but understand simple terms will make a significant difference. Here are some language examples: Fixed-Rate, Adjustable-Rate, Refinance, FHA Loan, VA loan, and PMI Advantage. With a little research, you can feel comfortable discussing your loan purchase.

Finally, be sure to ask for all of your options. Thoroughness and honesty are key to securing any loan. Don’t agree to anything you can’t afford. Don’t agree to anything because you want a home. Only agree to your loan, if the loan is to your specifications and you’ve worked out the details with your mortgage specialist. Our goal as a lender is not to peddle loans to anyone asking for one. Perennial Funding does thorough research and calculations for all of our loans. That being said, with our borrower’s cooperation we can assure the proper loan is being distributed.

Work with a mortgage specialist now by calling (888) 496-7291. There is no obligation by calling. Simply give us a moment of your time to answer any concerns you may have. We’d be happy to help you decide whether a loan is in your best interest.

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Perennial Funding LLC, 161 Washington St. Suite 950, Conshohocken, PA 19428

Loan programs are subject to credit approval. Other terms, conditions, restrictions and fees may apply. All of the information on this website is published in good faith and for general information purposes only. Perennial Funding does not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information on our website is strictly at your own risk and we will not be liable for any losses and damages in connection with the use of our website. The content in this website should not be construed as a mortgage loan commitment. From our website, you can visit other websites by following hyperlinks to these sites. While we strive to provide only links to useful and ethical websites, we have no control over the content and nature of these sites and the links to other websites do not imply a recommendation for all of the content found on these sites. Please be aware that when you leave our website, other sites may have different privacy policies and terms, which are beyond our control. Thank you for visiting Perennial Funding's website.
*By refinancing your existing mortgage your total finance charges may be higher over the life of the loan.

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