Explore What You Can Afford
First National Bank is a community bank that offers personalized service for its customers. We sincerely want to help our customers understand the homebuying process, identify the best mortgage solution, and obtain a loan that is affordable based on their unique situation.
Factors that Impact Affordability
When it comes to calculating affordability, there are several factors to take into consideration, including determining a sensible housing budget and monthly mortgage payment. Your personal savings goals, spending habits, income, debts, and amount you’ve saved for your down payment are some of the additional items to consider.
The interest rate (amount that the bank charges a borrower for taking out a loan) and loan term (length by which you agree to pay back the home loan, such as 15 or 30 years), are other aspects in the affordability equation.
First National Bank’s mortgage lenders understand that a customer’s ability to comfortably manage their monthly payments and repay the money they plan to borrow remain the most important factors when determining affordability. Your mortgage payment should never make you feel stressed out or concerned you might not make ends meet each month.
“When I meet with clients about a new construction mortgage loan, we spend time talking about their personal financial goals, needs, and current obligations. I then recommend a loan product that would fit their scenario and discuss rates and terms. At First National Bank, we care about the long-term relationships with our clients and want everyone who obtains a loan to leave the bank feeling comfortable about their decisions,” said Senior Vice President Cindy Wirth.
Our mortgage loan experts will provide the assistance you need throughout the lending process. Whether you are a first-time homebuyer or are in the market to buy your fourth home, everyone has questions. First National Bank’s mortgage lenders are ready to answer those questions. Their no-obligation, free consultations will put your mind at ease. That’s What Banking Should Be.
When you are ready to crunch some numbers, First National Bank offers several of the most popular online calculators.
Ready to Talk Mortgage Loans?
Whether you are just exploring the idea of buying a home, are already actively searching, or are ready to buy, now is a good time to visit with a mortgage lender who will stand by your side throughout the entire process. Stop by, email or give one of our lenders a call today.
- first-time homebuyer
- home buying
- mortgage loan
- mortgage refinancing