I’m buying a house and want to know which type of Mortgage loan I should get?

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I will be paying the loan off in the next two years in full so I’m wondering what would work the best for me. Thanks

7 Comments
  1. Reply
    reena r
    April 29, 2011 at 9:48 pm

    Go & ask any bank or approach any private money lenders

  2. Reply
    iceman
    April 29, 2011 at 9:56 pm

    If you are 100% sure you will be able to pay the loan off, then go with whatever lowest rate they offer you. Even if its adjustable. Adjustable rates are normally stupid as hell these days, but if a person finds themselves in the excellent postion of knowing they can pay their mortgage off in 2 years, then it wont hurt to go with a low adjustable.

    But you better be sure that you can pay it off. Because if things change and you cant pay it off, and that rate bounces up to 9%, you will really be wishing you went with a fixxed rate.

  3. Reply
    P J
    April 29, 2011 at 10:38 pm

    You need to find a lender who will go over all aspects of your financial situation and advise you appropriately.

    No one here, based on the info supplied, can tell you what kind of mortgage to get. Some, including myself, wold even question the decision to pay it off in 2 years, given many factors.

  4. Reply
    Tiko
    April 29, 2011 at 11:31 pm

    Well actually there are several things that come into play so I would need more information to tell you the particular loan. If you are buying property in California email me at ttiraturyan@yahoo.com.

  5. Reply
    Cory F
    April 29, 2011 at 11:50 pm

    I agree with PJ and Tiko on the answers above as far as looking at several factors and the colossal mistake of paying off a mortgage in two years. It is the equivalent of driving down the freeway with one foot on the gas and one foot on the brake. If my services may enable you to maximize your tax benefit, and increase your net wealth, let me know.

  6. Reply
    Mortgageman
    April 30, 2011 at 12:46 am

    3 yr ARM. It is about .25% bettet than my 30 yr fixed. If you are sure. Try to negotiate a “no cost” loan. The interest is tax deductible anyway.

  7. Reply
    marius V
    April 30, 2011 at 12:59 am

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