If you are thinking of buying your first home, then you know that there are plenty of decisions to make, and one of those is about your first home mortgage loan program. Which mortgage to get, what terms are best, which mortgage lenders to consider – it can get overwhelming pretty darn fast. However, doing your homework before you go in to talk about mortgages can be your best weapon.
What happens if you are a renter? First home mortgages are not only for those with financial advantages. Renters, those with little to no down payments, or others who may believe that they would never be able to get a loan could actually be eligible for certain types of loans. Below are the most common types of loans available for future home owners you should know about:
But it doesn’t stop there. You can find additional mortgage programs to help with buying or renovating a home, closing costs, and other expenses through your mortgage loan officer.
When searching for a mortgage, don’t settle for the first offer that comes along. Just like you would with your car, television, or living room couch, you need to do your research before you start your first home mortgage application. And your first stop should be at Shamrock Financial. We can tell you about all your available loan options, direct you to numerous home buying programs, and guide you towards the best first home mortgage possible. Be prepared and come away a satisfied home owner.