Home Loans

Buying a home is a big and exciting step in your life. Paying a mortgage every month may seem daunting at first, but owning real estate is a great path to building equity and more financial stability. Your new home becomes a reflection of you and has a significant impact on your quality of life. The Reliability in Lending Team can help get you there with knowledgeable and timely support with your home loan.

How Home Loans Work


Home loans are offered by financial institutions, banks, or mortgage companies to people buying a home. These lenders offer loans with terms specifying how long and how much you pay for the loan. In their assessment they check your financial situation through the following factors: your annual salary, assets, debts, and credit score.

Typically, financial institutions want collateral to ensure the borrower repays the loan. Once the home is funded and recorded in your name, the home loan is then referred to as a mortgage. In home mortgages, the title and deed become the collateral for your loan. Until you repay what you owe, the financial institution owns your home.

Choosing the right terms and lender for your home loan is a crucial decision; this is where The Reliability In Lending team comes in.


Mortgage Rate Options


Traditional fixed mortgages are the most common loan program for home buyers. The monthly principal and interest payments associated with fixed rate mortgages never change during the lifespan of the loan. Fixed-rate mortgages are available in terms ranging from 10 to 30 years. In most cases, the homeowner can pay off fixed-rate mortgages anytime during the life of the loan without penalty. The structure of these loans allows homeowners to pay them off by the end of the loan term.

Adjustable-Rate Mortgages have interest rates that may vary during the life of the loan. ARM loans typically have fixed interest rates for an initial period and then adjust according to market conditions. Initial rates are lower than a fixed-rate mortgage, allowing home buyers to afford and purchase a more expensive home. Homeowners pay off adjustable-rate mortgages over a 30-year period with the fixed initial rate from 5 years to 10 years.


Better Home Loans

The Reliability In Lending team can provide you with easy home financing solutions you can afford. We specialize in every mortgage type — from a standard fixed-rate mortgage to government-backed loans. Our team makes your home loan transaction more streamlined and hassle-free.

As local mortgage professionals, we take into consideration your needs, goals, and financial capabilities. We bring reliability to lending by helping you find the best home loan products and lenders for you.

Choose the Reliability In Lending team for a fair, personal, and trustworthy home loan experience. Being based in Chandler, we help borrowers throughout the state as well as California and Colorado. To discuss your options, call to schedule a free consultation with one of our mortgage professionals at 480-550-0211.