What are my Financing Choices?
It's a good idea to gain a basic understanding of the kinds of
home mortgages that are available. Basically, all home mortgage
programs fall into one of three categories: government loans,
conventional loans and sub-prime loans.
We'll explain some terms here because it's likely you'll hear or read
references to them throughout the home-buying process.
Government Loans
These are backed by federal or state agencies and are, as a general
rule, designed to answer the needs of first-time home buyers.
Conventional loans
These are not backed by the government and may suit the needs of
both first-time and move- up home buyers.
Find out about Government Loans
See tips on shopping for a mortgage! |
< How to
< Can I afford it?
< Credit History
< Down Payments
< Closing Costs
< How big a loan?
< Mortgage Payments
< Financing Choices
< Government Loans
< Conventional Loans
< Loan Shopping Tips |
