Mortgage Types

As recently as the late 1980′s home loan options were minimal.  There was a fixed 30 year loan, a fixed 15 year loan, and a 1 year adjustable rate loan.  Over the past several years we’ve seen far more mortgage loan options available to home purchasers.  There have never been more choices in the real estate lending industry.

Understanding Private Mortgage Insurance

Prior to choosing a home loan, make sure you are familiar with private mortgage insurance (PMI) – it’s a fee that can catch the uninformed consumer off-guard.

Here are some of the options available to consumers:

Home Loan Programs