If you are a Native American and have trouble getting home loan financing, there could be help with the Section 184 Home Loan program. This HUD program helps Native Americans afford home ownership by allowing low down payments and low interest rates. HUD guarantees the Section 184 Loans 100%, which means they work in much the same way that other government-backed programs, such … [Read more...] about Understanding the Section 184 Home Loan for Native Americans
The VA, like many other loan programs, offers a variety of loan options including the fixed rate and adjustable rate loans. Since you have the option, you’ll have to decide which type of loan works best for you.Looking for Current Mortgage Interest Rates? Click Here.We help you discover the questions to ask yourself below. How Long Will you be in the Home? The first … [Read more...] about Does the VA Only Allow Fixed Rate Loans?
The 30-year mortgage is the most popular loan program. It could be because of its lower payment, which makes it more affordable, especially for first-time homebuyers. Before you jump on board and take out your mortgage for 30 years, though, consider the following reasons not to use take out the 30-year loan.Looking for Current Mortgage Interest Rates? Click Here. You’ll … [Read more...] about Good Reasons to Not Get a 30-Year Mortgage
If a lower mortgage payment sounds like just what you need, interest-only loans might be something you consider. Before you take on this alternative loan, you should know how it works as well as the pros and cons to determine if it’s a good fit for you. How Interest-Only Loans Work Interest-only loans, as the name suggests, only require you to pay interest for a certain … [Read more...] about What you Need to Know About Interest-Only Loans
If you’ve ever perused house listings, you may have come across a few that say, ‘owner financing available.’ It may sound weird that someone trying to sell their house would lend you the money to buy it, but there are some advantages for sellers as well as buyers.Get Matched with a Lender, Click Here.Keep reading to learn all about this unique form of financing. What … [Read more...] about How Does Owner Financing on a House Work?