The Basics
Purchases & Refinances & Homeowner Education
- Residential, investment, and commercial real estate
- Market trends
- The real estate buying and selling process
- First Time Home-Buyers
- Veterans
- Investors
- Manufactured
- One Time Construction
- Multi-Unit
Loan Products & Programs
- Fixed-Rate Mortgage (FRM): A loan with a constant interest rate and monthly payments that never change.
- Adjustable-Rate Mortgage (ARM): A loan with an interest rate that adjusts periodically based on a specific index, potentially resulting in fluctuating monthly payments.
- FHA Loan (Federal Housing Administration): A government-backed loan with flexible qualifying criteria and a low down payment, typically suitable for first-time homebuyers.
- VA Loan (U.S. Department of Veterans Affairs): A loan available to eligible veterans, active-duty service members, and certain members of the National Guard and Reserves, offering favorable terms and no down payment requirement.
- USDA Loan (U.S. Department of Agriculture): A loan designed for eligible rural and suburban homebuyers, offering no down payment and favorable terms.
- Conventional Loan: A standard mortgage not insured or guaranteed by a government agency, typically requiring a higher down payment and stricter credit criteria.
- Jumbo Loan: A loan that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA), often used for higher-priced properties.
- Reverse Mortgage: A type of loan available to homeowners aged 62 and older, allowing them to convert a portion of their home equity into cash.
- Home Equity Loan: A loan that allows homeowners to borrow against the equity in their home, often used for major expenses like home improvements.
- Home Equity Line of Credit (HELOC): A revolving line of credit secured by the equity in a home, allowing homeowners to borrow as needed within a specific limit.
- It's important to consult with a mortgage professional or financial advisor to determine the best mortgage type for your specific needs and financial situation.
