Mortgage Information
A home is very likely the most expensive purchase you'll ever make, and it is very likely you will also need some form of financing.
Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price.
You will find that there are many lending institutions that offer a variety of mortgage products and we will be happy to refer you to some very good mortgage contacts we have in Oak Ridge and Anderson County. We will also try to help you in any other way we can to secure the best possible rate for your home purchase.
Additional Resources
Mortgage Calculator
Figure out your estimated monthly mortgage payment by estimating your loan amount, interest rate, and time period.
Fixed Rate Mortgages
Find the most common type of mortgage programs where your monthly mortgage payments for interest and principal never change.
Interest Rate Buy downs
As an example, if the current market rate for fixed rate loans is 7.50% at a cost of 1.5 points, the buy down gives the borrower a first rate of 5.50%, a second year rate of 6.50% and a third through 30th year rate of 7.50%