As the New Year approaches, many people set resolutions to achieve major life goals—and buying…
5 types of mortgage loans for homebuyers -which is best for you?
Buying a home is exciting, but figuring out the financing side of things can feel overwhelming. Chin up: Choosing a mortgage isn’t all that painful if you know the lingo. Once you’ve done some homework and nailed down a budget and down payment amount, and you’ve reviewed your credit, you’ll have a better idea of what loan works best for your needs.
- 1. Conventional mortgages
- 2. Jumbo mortgages
- 3. Government-insured mortgages
- 4. Fixed-rate mortgages
- 5. Adjustable-rate mortgages
Contact me today to see which loan program best fits your needs. Read the full article from Bankrate here.