What loan is best for me?
There isn't a single or simple answer to this question. The right type of
mortgage for you depends on many different factors:
- Your current financial picture
- How you expect your finances to change
- How long you intend to keep your house
- How comfortable you are with your mortgage payment changing
For example, a 15-year fixed-rate mortgage can save you many thousands
of dollars in interest payments over the life of the loan, but your
monthly payments will be higher. An adjustable rate mortgage may get you
started with a lower monthly payment than a fixed-rate mortgage -- but
your payments could get higher when the interest rate changes.
The best way to find the "right" answer is to discuss your finances,
your plans and financial prospects, and your preferences frankly with a
mortgage professional.
SOME OF THE LOAN PROGRAMS OFFERED BY HOUSE OF LOANS INC.
- Comprehensive Loans for all types of credit, from A to D.
- Conventional Prime rate Loan Products from 10 to 40 year fixed
- Adjustable and fixed rate loans for borrowers with poor credit history
- No Money Down purchase loans down to 525 score
- First time buyer Purchase Program
- Specialty Loans & "No Income Verification" loans for self-employed
- 125% LTV Loans
- "Sweat Equity" loans and 100% CLTV second mortgages
- Debt Consolidation loans
- Foreclosure and BK Chapter 12 buyouts
- "No FICO Score" mortgages
- Low Credit Score Loans down to 500 score
- Investor Properties purchase to 100%
- Home Improvement & Repairs
- In Chapter 13 "right now"
- Refinance/Cash Out
- Currently in CCCS
- Neg-Am Loans (deferred pymts)
- Chapter 7 BK Discharged Yesterday
- Commercial building loans, four plus units and other apartment loans
- Row land loans
- Construction loans
- Bridge loans
- Reverse Mortgages
- And almost any other situation...
PROGRAMS BY BORROWER/SITUATION TYPE