Buying a home can be a frightening thing but not with this one-stop guide to fixed rate mortgages. We’ll tell you how to pick a good mortgage broker and all the questions you should ask upfront. Are fixed rate loans better than adjustable rate mortgages and what other types of loans are available? Do you qualify for an FHA mortgage if you want to buy a HUD home and where to you shop for FHA mortgages?
What are good interest rates and what documents are required by lenders? What’s the Truth in Lending Act and should you consider renting over buying? Can you purchase a home with seller financing?
Look no further because all of your fixed rate mortgage questions will be answered in our all-inclusive guide!
|Types of Mortgages
The types of mortgage loans which are conventional can be classified into three major categories. These are fixed rate mortgages, adjustable rate mortgages and the combination or hybrid...
How does an Adjustable Rate Mortage Work?
How does an adjustable rate mortgage work and how is it different from a fixed rate mortgage? This article explains the basics of adjustable rate mortgages and goes on to explain...
|Seven Questions to Ask a Mortgage Lender
Every borrower should ask these questions to their mortgage lender before choosing a home mortgage. Always shop around for a mortgage, compare rates and let the loan officers know that...
Responsibilities of a Mortgage Loan Officer
A mortgage loan officer is the most important intermediary in the mortgage loan application and approval process. Some of the mortgage loan officer responsibilities are guiding the...
|Types of Loans when Buying a House
There are many types of loans when buying a house but the problem is too many choices and too little information. The wide array of loans that are available in the home mortgage market...