Find The Right Mortgage Loan For You

A Mortgage is simply a loan from a bank or private institution to pay the cost of your new home, after the down payment.

Think of it like a car loan. You want to shop around for the best loan with the best terms and conditions. You compare for the best loan amount offer, at the lowest interest rates. The great thing about a

To determine the maximum amount of money you can borrow for a mortgage loan you must be pre-qualified by a loan officer, or mortgage broker. The loan amount will be heavily defendant upon your credit score, ability to pay back the loan, debt-to-income ratio, assets, and type of home you wish to purchase. Below is a chart of common loans you may qualify for. Consult with your lender to determine the best loan program that suits you.

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