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Shockingly enough, there are different types of home loans. The purpose for these is of course to find the one that suits your needs and lifestyle most. Instead of looking at it like “Why are there so many?” or “I can’t tell the difference” it’s better to be receptive and open to having options because we are all different and so our needs are different, too.
Read MoreTopics: Mortgage Questions, mortgage loan options
*UPDATE: Though most of this information is still accurate and helpful, it should be noted that the HomePath program was discontinued in October 2014 (read more here). In addition to this post, check out our most recent post about tips and tricks for buying your first home in 2015!
The 2013 first time home buyer needs to know options. The US housing market has been on a slow but steady recovery path in the recent past. For the last six months, home values and prices have been inching up in most metro housing markets. In some places, demand has outweighed supply leading to limited listings and intense bidding wars.
Topics: first time home buyer, mortgage loan options, +
(The original title to this article referenced 2014. However, we've found that it's still quite popular ... so we've updated it!)
UPDATE: In addition to the great information included in this post, read our updated list of tips and tricks for becoming a first time home owner in 2015!
Education is a major part of the home buying experience. The more education first time home buyers dive into, the smoother the process typically goes. You intuitively know this. You're already thinking about next year, and wondering what it will take to buy a home in 2014.
Topics: first time home buyer, mortgage loan options, mortgage pre-approval
You would think that landing your mortgage loan, the one that fits you and your plans, should be easy. You find a bank, borrow money, and buy a house.
However, all of the options can make it a murky search. It may seem like you have hundreds of options at your disposal. Here are a few examples of mortgage loan options you’ve probably heard about:
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If you're debating the pros and cons of a USDA loan, you're probably already familiar with this 100% financing mortgage option. You may already know some of the pros to this loan. Further on in this article you'll read some of the good and some of the not so good about this mortgage financing choice.
Download our Rural Development Factsheet here and learn more.
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For an official word on the disconinuation of Fannie Mae's HomePath financing and what it means for AmeriFirst Home Mortgage borrowers, please read this: HomePath Discontinued
Read MoreTopics: HomeStyle Renovation, mortgage loan options, HomePath Mortgage, video
Taking care of a home takes work and organization. While we can't do the work for you, hopefully this checklist helps you stay organized. Download your printable version below!
