That means being able to advise them on everything about the home-buying process, including the different loan options that are available to them. Below is a primer on the most popular home loan types, designed to help you answer basic questions that your real estate clients may have.
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Installment loans. bad credit are no different from standard personal loans when it comes to their basic mechanics: Loan proceeds are paid to you, and you then pay back the loan according to the.
These are some loans and loan terminology you should familiarize yourself with before entering into a mortgage contract. Find out some of the types of mortgages that are available.
Single Family Housing Guaranteed Loan program. single close Construction- to-Permanent Financing; All the necessary forms for this program are available.
Types of Consumer Credit & Loans. Loan contracts come in all kinds of forms and with varied terms, ranging from simple promissory notes between friends and family members to more complex loans like mortgage, auto, payday and student loans.
You can choose from different loan options depending on the amount of your down payment, your personal preferences, and if you qualify for special loan programs. Get information about the length of the loan (typically 15- or 30-year), interest rate (fixed or adjustable rate) and loan program types (conventional, FHA or VA).
Learn about the different types of loans available and find the one that will best suit your needs. Find out what options are available when it comes to borrowing money.
Conventional mortgages. A conventional mortgage is a home loan that’s not insured by the federal government. There are two types of conventional loans: conforming and non-conforming loans. A conforming loan simply means the loan amount falls within maximum limits set by Fannie Mae or Freddie Mac, government agencies that back most U.S. mortgages.
Peoples Bank Mortgage offers many different types of home loan programs.. Bank Mortgage offers a loan program backed by the USDA for financing qualifying.
Suncorp Bank offers a range of different home loans, offering both fixed and variable rates. Standard Variable Rate Home Loan. Our Suncorp Bank Standard Variable Rate Home Loan is designed for borrowers who want the flexibility of a variable rate, and would like to take advantage of features like an offset loan or cashback facility.