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Wednesday, May 19, 2010

What Kind of Home Loan is Best for Me?

There are lots of home mortgage choices out there. Qualification varies somewhat among these products but still there are several choices.

For instance there is the old standby - the conventional loan. One of my favorite loan type is the VA loan. 

VA loans are interesting in that the VA does not make loans but rather insures the loans.  As a general rule, VA loans do not require a down payment. 

And then there is the FHA loan….The Federal Housing Administration (FHA) loans are mortgages obtained with the help of the FHA. With a small down payment, buyers can purchase a home. FHA loans make it easier for people to qualify for a mortgage, but they’re not for everybody.

There are fixed rate programs as well as adjustable rate mortgages (personally my least favorite – been there, done that!). 

When considering a home purchase the first step is the mortgage. Call a professional lender (credit union, bank, mortgage company, etc)  to discuss your options.

In Brevard County, Florida give Joe Harris of Morgan Financial a call. After you speak with Joe Harris, give me a call to discuss how I can assist you in your search for your new Brevard County, Florida house or condo. 

As a real estate agent my job is to help you find and purchase the perfect house or condo.  The lender you choose is a critical issue because it is this first step that determines your success in getting the best mortgage advice( and product) to suit your requirements. 

So what kind of  home loan is best for you?  Discuss it with several mortgage experts!

Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida, 321-693-3850.  Email me at

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