Home Loans

What types of Home Loans are there?

What types of Home Loans are there?


The type of property you’re purchasing affects both your interest rate and your eligibility for a mortgage interest deduction. There are three ways the property you’re purchasing can be classified: a primary residence, a second home or an investment property. Primary Residence Primary residences qualify for the lowest mortgage rates. In order for a home to qualify as your primary…


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30 Year Mortgage Rates VA

30 Year Mortgage Rates VA


It is no secret that real estate is still hot in Virginia, mainly in the areas close to metropolitan cities such as Washington, D.C. In northern Virginia, this area encompasses Fairfax County, Arlington County, and the city of Alexandria. Prices in these areas have not suffered as much in the current recession and foreclosures, although still a problem, are not as dire as in…


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Mortgage Lenders

Mortgage Lenders


So you’re ready to take on a new mortgage and you’ve done your research. You have been educating yourself about credit scores, the credit process and how lenders evaluate credit for mortgage loan applications as you are getting ready to purchase a new home. And you know understanding your FICO® Scores is really important as they are the credit scores most commonly used in the…


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Types of Home Loans Available

Types of Home Loans Available


Financing a home with a credit card is virtually unheard of. If you’re going to buy a home and don’t have cash for what will probably be the largest purchase of your life, you’ll need a home loan. While the most common type of home loan is a 30-year fixed loan with a set interest rate, it isn’t the only type of loan available. Whether you’re buying, refinancing or remodeling…


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Government Housing loan Scheme

Government Housing loan Scheme


State Bank of India (SBI) is a government owned banking and financial service organization. The bank is headquartered in Mumbai and is the largest banking institution of India in terms of assets. The bank has a massive presence in the country with over 17, branches spread across the nation’s length and breadth. Not only this, the bank has a huge international presence too…


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Minority Home Loans

Minority Home Loans


Photo: Katherine Feser, HC Staff A study says the average home value in a ZIP code with at least one good school is 77 percent higher than the average in ZIP codes without any good schools. Photo: Katherine Feser, HC Staff Black applicants in Houston were more than twice as likely to be denied for mortgages than whites in 2015, according to recently released federal data. While…


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Mortgage USA VS Canada

Mortgage USA VS Canada


As housing reform continues to be part of the Obama administration s agenda, differences between the mortgage market in the United States and that of other countries have come to light. For instance, how do domestic mortgage products differ from those offered in Canada, a country considered the most comparable to the Unites States? Here are three critical differences between…


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Homeowners Assistance Program

Homeowners Assistance Program


The Military Homeownership Assistance Program provides eligible service members and veterans with a $5, grant for down payment and closing costs on a qualifying home purchase. Eligible service members may access the Military Homeownership Assistance Program to be used with a qualifying mortgage or cash purchase transaction. The Military Homeownership Assistance grant may also…


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Alaska Home loan

Alaska Home loan


The 2016 $0 down, VA home loan limit for Fairbanks North Star Borough is $625, 500. With a land area that is only marginally smaller than the state of New Jersey, the is known as home to the University of Alaska Fairbanks as well as Eielson Air Force Base. The borough seat of Fairbanks is the third largest city in the entire state of Alaska by population. Incorporated in 1964…


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About Home Loans

About Home Loans


VA Mortgages Are Cheap & Forgiving The Mortgage Reports has been published mortgage-related content for more than a decade. Each year, millions of consumers rely on our site for non-biased, consumer-friendly information. Since our inception in 2004, we ve posted a bevy of VA loan-related material. VA loans are loans which are backed by the Department of Veterans Affairs…


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Missouri Home Loans

Missouri Home Loans


With the 21st largest total area and the 18th biggest population in the country, is made up of 114 counties and the independent city of St. Louis. Jefferson City is the capital, and the four largest urban areas are Columbia, Kansas City, Springfield and St. Louis. The state has a population of nearly six million (5, 982, 413). In the Midwestern part of the U.S., Missouri is…


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Loan types for Homes

Loan types for Homes


FHA loans allow many homeowners to buy homes they otherwise could not. The Federal Housing Administration (FHA) was formed in 1934 to help people buy homes. The FHA itself does not make loans but it does insure the loans that private lenders make to homeowners who buy homes, reducing the lenders' risk. An FHA loan almost always has a lower interest rate, can be…


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Different types of Home Loans

Different types of Home Loans


Learn the basics about borrowing to pay for a home Getting a home loan doesn’t have to be intimidating – especially when you understand the basics like options, features and costs of a home loan. Of course, your mortgage banker is available anytime to answer your questions and make the process a lot easier. Types of Home Loans Every home loan has two parts: principal and interest…


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Loans for Home

Loans for Home


Paying for a home improvement project can be almost as complicated as buying a home. You have several options: Save up the money first. Borrow against your home through a home equity loan, line of credit or mortgage refinance. Use a credit card or take out a personal loan. Obviously, saving and paying for repairs out of pocket will be the cheapest option. Secured loans such…


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Different Home loan options

Different Home loan options


Bankruptcy is a bummer. No one has ever said “OH MAN! I’m so excited to file bankruptcy! It’s going to make everything so awesome!” That being said, sometimes it needs to be done. If you have explored all of the alternatives and have decided to file bankruptcy, it’s important that you know what your options are and how they will impact your existing mortgage, or your future…


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Government backed Home Loans

Government backed Home Loans


Update: Applications for all government-backed mortgages will continue to be processed in a government shutdown, HUD said Monday. The agency originally said it would stop working on applications for loans guaranteed by FHA. Original story below. For details on the FHA s updated plans, see: If the government shuts down, what happens to all the Uncle Sam-backed mortgages that…


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Information on Home Loans

Information on Home Loans


Do you have questions about the VA Home Loan Program? Are you interested in determining your for the VA guaranteed loan? Do you need help with a short sale or want to know how to use your benefit to buy a home? To speak with one of our representatives, call us at -573-4496 , VA Home Loan Centers is here to help! Created in 1944 under the umbrella of the Original GI Bill, VA-backed…


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Home Loans Government

Home Loans Government


There’s been a lot of confusion and uncertainty about how a government shutdown will affect VA home loans. To help clarify, the VA released a bulletin to provide guidance to lenders and others, and it would seem to be good news for veterans, service members and military families nationwide. Here’s how the Department of Veterans Affairs addressed the question: The VA Home Loan…


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