Mortgage Loans Are Used To Purchase Homes Where You Pay Back The Loan, Typically In A Series Of Regular Payments Over 15, 20 or 30 Years.

First and foremost, most buyers need a Mortgage Loan, and there are a lot of options that vary greatly from lender to lender and from buyer to buyer. This means it's important to understand what you're looking for and talk to lenders who can help you understand what the best approach for you looks like and why!

Selecting The Best Mortgage - What's Most Important:

  • Less Cash For A Down Payment
    And/Or Credit Scores Below 640
  • Less Paperwork And Lower Fees
    And Closing In Fewer Days
  • Lower Payments In The First Years
    That Can/Will Increase Over Time
  • Leverage Military Benefits
    For A VA Loan & No Down payment
  • No Private Mortgage Insurance With Less Than 20% Down Payment
    Using An 80/10/10 Piggyback Loan
  • No Private Mortgage Insurance With Less Than 20% Down Payment
    As A New Resident or Doctor
  • A JUMBO Home Mortgage Loan
    That's Greater Than $548,250
  • A Bridge Loan... Buying A New Place
    Before Selling Your Current Home


What Do Monthly Mortgage Payments Include?

There are four main components to a mortgage payment, often abbreviated as "PITI."

  • Principal - A Portion of The Loan Repayment
  • Interest - The Fee The Lender Charges For The Loan
  • Taxes - County And City Real Estate Taxes
  • Insurance - Homeowner's Causality Protection


Questions & Answers About Your Mortgage Options

  • FHA Mortgages Q&A
  • Conventional Mortgages Q&A
  • ARM Mortgages Q&A
  • VA Mortgages Q&A
  • Physician Mortgages Q&A
  • 80/10/10 Piggyback Loans Q&A
  • JUMBO Mortgages Q&A
  • Bridge Loans Q&A


USE THESE OTHER RESOURCES & TOOLS TO HELP YOU FIND & BUY YOUR PERFECT NEW PLACE

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