Learning about mortgage loans, especially if you are a first time home buyer, can be a bit like trying to learn a foreign language. Things like LTV, PMI, PITI, FHA, VA, conventional, percentage rates, and points are all terms you will come across when trying to learn what is involved when applying for the right mortgage. Once you realise that you're ready to apply for a loan, which lender should you choose? That in itself is also tricky, especially if you haven't been referred to one. Some lenders specialize in low credit scores, some with FHA or VA loans. But most will be able to give you great advice on what is the most appropriate loan for you.
If you are interested in learning more about mortgage loans and the things to watch out for when choosing a mortgage lender. Check out this in-depth guide from Consumers Advocate: https://www.
Or give me a call or email me if you would like to discuss the process with me.
Let me know in the comments below what your experiences are and any other advice you would give to homebuyers.