Real Estate Article: More About Real Estate Loans

There are a large variety of mortgage loans for your lender to choose from! They fall in 3 basic categories, FHA (Federal Housing Authority), VA (Veteran's Administrations) and Conventional Loans.   The loans can be either fixed rate or adjustable.  And that is where simple ends!  The down payment, interest rates and fees can vary dramatically from loan program to loan program and even from lender to lender.  That is way it pays to be careful when shopping for a loan and make comparisons.  Don't hesitate to ask the loan office or your agents questions.  If could keep you from making a very expensive mistake.

When you apply for your home loan, make sure your lender gives you information on the Federal "Truth in Lending" laws and follows all the required disclosures. Also, make sure they give you a "Good Faith Estimate: of your costs. Be sure to give us a copy of this so we can make sure that nothing has changed at closing.

If you would like to learn more about loan processing, go to our article about loan processing. 

If you ever have any questions, feel free to contact me.  Also, feel free to contact me if you have any questions on any homes you see....no matter who has it listed.....I do not mind helping you. That is what I am here for!

 

Linda Grissette, GRI, e-PRO Certified

The Best Seller GMAC Real Estate, 3829 Veterans Memorial, St. Peters, MO 63376 

Licensed in the state of Missouri.

All content of this web site is copyright protected.  Our copyright will be legally defended.  Linking to our content is always acceptable.  Besides the copyright issues, if you copy this content to your website, it will hurt BOTH of our websites!  Don't do it! 

NOTICE:  E-mail addresses on this site are provided for the use of our clients and potential clients.  Because of this notice, the harvesting and transfer of these e-mail addresses is a violation of the Federal CAN-SPAM Act.  Violators will be reported.

Privacy Statement   Linda Grissette's policy is to never give out consumer information.  If you give her your contact information, it will not be given to anyone without your permission.

All information provided on properties is deemed to be reliable, but is not guaranteed.  Information on properties should be independently verified.