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Sarah Norgaard
Sarah Norgaard 303-285-1610 or 888-999-1066A strong and genuine belief in the "customer for life" principle of doing business. Referrals from previous customers, local real estate professionals and builders have always delivered the majority of Sarah's production.
Which Loan is right for me?Fixed Rate Mortgages 30 year fixed and 15 year fixed Monthly payments are fixed over the life of the loan. Interest rate does not change . Protected if rates go up. Can refinance if rates go down. Higher interest rate. Higher mortgage payments. Rate does not drop if interest rates improve.
Adustable Rate Mortgages10/1 ARM 7/1 ARM 5/1 ARM 3/1 ARM 1 year ARM 6 month ARM 1 month ARM Lower initial monthly payment. Lower payment over a shorter period of time. Rates and payments may go down if rates improve. May qualify for higher loan amounts. More risk. Payments may change over time. Potential for high payments if rates go up.
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