#1 – A home loan is called a mortgage.
Buying a house is one of the largest investments most people make. Home loan programs are available to those who need to borrow the money and buy a house (which is almost everyone.) The money borrowed and the payment due each month is called a mortgage.
#2 – Home loan options are also called programs.
You have choices when it comes to a home loan. Some buyers have more choices than others depending on how much money you make, where the home is located, how much money you have to spend right away and your credit score. There are many options when it comes to home loans and several programs available. Some of them include:
Conventional Loan Types:
•FHA Loans •VA Loans • USDA loans
A good first step to determine the right home loan program for you is to call Loans by Brown. James Brown will personally explain the differences in each program and help you decide which one is best for you and work for you to get the home loan you deserve!