Yes, we offered A Man's Guide to Mortgage Loan Options yesterday. Not to leave the amazing women in our lives out, we wanted to cover the home buying process from a woman's point of view. As we know, it's the women who run the households. And for that, we're grateful. With that said, let's take a look at "A Woman's Guide to Mortgage Loan Options."*
Women tend to be detail-oriented. Research is in your make-up as a gender. Guys tend to shoot first and ask questions later. So for a woman, picking the right mortgage loan for the right house at the right time in the right neighborhood will take time and effort. That's why it's important to talk about loan options for buying that house.
The right mortgage for you will depend on many factors, so we'll begin there. If you're looking for a house in the country where a hammock in the backyard would be the perfect place to unwind at the end of your day, then you may want to know more about the USDA rural development loan.
Rural development allows you to finance 100% of the home, but it has to fall within certain geographical boundaries. The great thing is that you could end up with a house with land. From the hammock to a beautiful garden, your dream home is within reach.
If you're looking to get into a house and turn it into your dream home with just the right bedroom decor and the perfect reading nook, then the queen of home improvement loans might be in your future. The FHA 203k would let you buy a home and roll the cost of remodeling and renovations into one single mortgage. Whether it's a new furnace, replacement windows or a great deck, the 203k just might be the mortgage loan option you need.
You have a lot of choices when it comes to financing your house. But the key to begining lies in mortgage pre-approval. When you talk to a mortgage consultant about pre-approval, you'll find out how big (or small) of a house payment you're likely looking at. You'll also likely figure out the general area where you should be house hunting. From property taxes to homeowners insurance, each neighborhood is a little different. Pre-approval will help you and your real estate agent narrow down your focus.
Before you talk a mortgage consultant, consider downloading "The Only Mortgage Loan Options Guide You Need." This free guide will help you understand some of your options a little better, so you're better prepared when you move forward with buying your home. Click the button below to download the guide and get your research started on your mortgage loan options.
*We also have a Man's Guide to Mortgage Loan Options article. It's all in good fun. We don't discriminate, we lend to both genders!