This section features mortgage program information for Hercules / Pinole/ San Pablo/ Vallejo/ Benecia / Tracy/ Manteca /Stockton / PH / Martinez / Antioch / Oakland/ Berkeley/ Emeryville / Richmond / San Ramon/ Dublin/ Pleasanton / Livermore area home buyers interested in Hercules / Pinole/ San Pablo/ Vallejo/ Benecia / Tracy/ Manteca /Stockton / PH / Martinez real estate.
In order to help you with your next home purchase, I have put together a simple review of some of the major mortgage programs.
Variable or Adjustable-Rate Real Estate Mortgage
With an adjustable rate mortgage, the rate of the loan can change throughout the term of the loan. Many ARMs have a short fixed period and then become truly adjustable. The rate of the loan is based on adding points to a fixed base.
Fixed-Rate Real Estate Mortgage
With this type of loan, the interest rate remains consistent throughout the term of the loan.
Balloon Real Estate Loan
A balloon loan is a real estate loan where there is a lump sum due at the end of the loan. This normally encourages an individual to refinance prior to the end of the term of the loan.
Jumbo Real Estate Loans
A jumbo loan is any residential or commercial loan exceeding the guidelines of Fannie Mae and Freddie Mac.
FHA Real Estate Loans
An FHA loan is a loan in the United States that is insured by the Federal Housing Administration.
VA Real Estate Loans
A VA loan is a loan in the United States guaranteed by the Veterans Administration. The loan may be issued by qualified lenders. The VA was designed to offer long-term financing to American Veterans or to their surviving spouses.
In order to assist you with any of your mortgage needs, I have provided you with this simple form. Thanks again for visiting and please note that your information will be kept strictly confidential.
Do you need additional information regarding getting Hercules / Pinole/ San Pablo/ Vallejo/ Benecia / Tracy/ Manteca /Stockton / PH / Martinez home financing and San Ramon/ Dublin/ Pleasanton / Livermore real estate mortgage services? Please fill out the following short real estate mortgage information request form. All inquiries will be responded to in a timely fashion and your information will be kept strictly confidential.