Explore your home equity loan options with First Tennessee

Buying a home is a big decision that involves many financial considerations. One of the most important aspects of the home buying process is securing a home loan. With so many options available, navigating the world of mortgages and finding the best solution for your unique needs can be overwhelming. Fortunately, First Tennessee is here to help.

First Tennessee is a trusted financial institution that offers a wide range of mortgage options for different financial situations and goals. Whether you are buying a home for the first time, looking to refinance your current mortgage or need a second home loan, First Tennessee has a solution for you.

One of First Tennessee’s most popular mortgage options is the traditional fixed-rate mortgage. With this type of loan, you can secure a low interest rate for the life of your loan, giving you stability and predictability in your monthly mortgage payments. This is a great option for those looking to stay in their home for the long term and avoid being caught off guard by fluctuating interest rates.

For those who prefer flexibility, First Tennessee also offers adjustable rate mortgages (ARMs). With an ARM, the interest rate is initially fixed for a specific period of time, typically 3, 5, 7 or 10 years, and then adjusted annually to reflect market conditions. This option is ideal for those who may be away from home for a long time or expect their financial situation to change within a few years.

First Tennessee also understands that not everyone fits into the traditional mortgage box. Because of this, they offer special loan programs like jumbo loans and FHA loans. Jumbo loans are for those looking to buy a more expensive home, while FHA loans are Federal Housing Administration-backed loans and offer milder borrowing requirements and lower down payment options.

In addition to its diverse range of credit options, First Tennessee offers personal service and advice throughout the credit process. Their team of experienced mortgage professionals will work closely with you to understand your financial goals and help you find the best lending option for your needs. They guide you through the application process, answer all your questions and offer you ongoing support until you decide on your new home.

In addition, First Tennessee offers online tools and resources to help you explore your mortgage options. Calculators are available on their website to help you estimate your monthly payments, compare loan options, and even apply for a mortgage online. This makes finding and applying for a home loan easy and convenient from the comfort of your own home.

Bottom Line: If you’re looking for a home loan, look no further than First Tennessee. Their wide range of loan options, personal service, and handy online tools make them an excellent choice for anyone looking to explore their home loan options. At First Tennessee, you can be assured that you are making an informed decision and taking the necessary steps to achieve your dream of home ownership.
#Explore #home #equity #loan #options #Tennessee

Yorum yapın