Mortgage Center
The more you know about the mortgage process the better. Access a wealth of mortgage information and helpful tips here.
Getting prequalified for a home loan is an essential first step in the buying process. Find out exactly how much home you can afford based on your income, debt, and other factors. It can also help you lock in a good interest rate and it puts you in a stronger bargaining position with the seller once you find the home you want.
APR:
Monthly Payment:
Closing Cost:
Info from one of the lenders we work with:
Refinance: You
may be eligible to take advantage of HARP(Home Affordable Refinance
Program). If this is the case, the
equity position in your property may not be a factor. To find out if you are eligible, please
contact us and we will be happy to help you.
If the HARP program is not an option for your scenario, you must have a
strong equity position in your home and have the credit and means to pay the
loan back. Some lenders will lend money while in foreclosure
USDA (rural) loans: A USDA loan can be a hugely beneficial option for the right homebuyer. This loan program may be secured with no money down at an interest rate lower than a typical Conventional or FHA 30 year fixed loan. USDA loans also allow homebuyers to take advantage of much lower mortgage insurance premiums than other conventional and FHA loans. Much of the area The Eddings Group places focus on is USDA eligible. There are property area limitations as well as income limitations attached to this program.
Source: Mark Middlebrooks - http://www.guildmortgage.net/markmiddlebrooks
