Mortgage and Lender Information

 Mortgage and Lender Information

What is the difference between being pre-qualified and pre-approved? 

Pre-qualification is an informal determination by a lender stating how much you can afford. Pre-approval is a guarantee in writing by a lender to grant you a loan up to a specified amount.

Mortgage and Lender Information

Selecting a Lender

Loans are available from many sources, including mortgage companies, savings and loan institutions, banks and credit unions.  In order to find the best home loan for you, contact several lenders to discuss the options they offer, their rates, closing costs, and other fees.

Different Types of Loans

Fixed Rate Mortgage Loan FHA Federal Housing Administration Loan VA Veteran Affairs Mortgage Loan USDA home loans Adjustable Rate Mortgage ARM 203K Loan Assumable Mortgage Seller Financing Second Home or Investment Property