Kansas City Home MortgageMoving to an exciting new location in Kansas or Missouri with your precious belongings on their way to the house of your dreams is really something to look forward to. Before you make the big move, take a little time to find out what kind of loan would be best for your financial situation. You might ask yourself some of these questions:

How long will you be living in your home?

If you’re fairly sure you won’t be in your home longer than 5-10 years, you might want to consider an adjustable-rate loan versus the traditional 30-year mortgage. The rates will change after the introductory period and adjust to market value. If you’re planning on moving anyway, the low introductory rate might save you money in the short term.

How much is your down payment?

If you don’t have enough cash for a down payment, there are Federal Housing Administration (FHA) insured mortgages that might work for you. They do have income limits, but an FHA-backed loan will let a borrower put down as little as 3.5%.

Are you a veteran, teacher or other government employee (police officer, firefighter, etc.)?

For serving your community, you might be eligible for programs in your state that help people that have worked in your profession. Inform your mortgage counselor of your interest in such programs. Check the Housing for Urban Development (HUD) website for programs in your area.

After you have secured the best mortgage for your situation contact us at Gerber Moving and Storage for all your moving needs.