i’m planning to buy a home
it’s my first time
the thing is i have no idea or knowledge about home mortage
the cost of the house i want is $ 319,900 and my downpayment would be 20% of the cost of the house
i live in everett, washington and planning to stay at the house about 3-5 years
i need help about what kind of mortage loan (fixed mortgage or ARM or interest only!) and mortage company to choose.
and what “point range” means in mortgage and what does “loan purposes” mean
PS: i want a affordable monthly payment about 1000-1500 a month