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Category Florida
CountySeminole
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CountyBroward
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Category Georgia
CountyPutnam

Ed Stanley | Northdale Exec Ctr | Tampa, FL

3820 Northdale Blvd, , FL, 33624
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Category Florida
CountyHillsborough
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Category Florida
CountyPinellas

Ed Taylor | Atlanta Intown Mortgage | Atlanta, GA

1197 Peachtree St Ne Ste 506, , GA, 30361
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Category Georgia
CountyFulton

Ed Taylor | B B & T Mortgage | Mcdonough, GA

12 N Zack Hinton Pkwy, , GA, 30253
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Category Georgia
CountyHenry

Ed Tokash | Alfor Mortgage | Jonesboro, GA

114 N Mcdonough St, , GA, 30236
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Category Georgia
CountyClayton
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CountyManatee
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Category Wisconsin
CountyBrown
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CountyCobb

Ed Wentzel | Sun Trust Mortgage | Maitland, FL

350 North Lake Destiny Rd, , FL, 32751
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Category Florida
CountyOrange

Ed Wheeler | Charles R Bailey | Tampa, FL

3825 Henderson Blvd, , FL, 33629
0 reviews
Category Florida
CountyHillsborough
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Category Georgia
CountyCherokee

Eddie Acevedo | First Trust Holdings | Lutz, FL

24756 State Road 54 Unit 101, , FL, 33559
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Category Florida
CountyPasco
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Category Alaska
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Category Indiana
CountyLake
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Category Florida
CountyMiami-dade

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Mortgage Loan Types

1) Conventional Mortgage.

This is the most commonly used type and usually has the best rates. You will ll typically need at least 10% for a down payment and good credit. Can be for 15 or 30 years or “interest only” where you are not paying any principal in your payment.

2) Mortgage Insurance.

Alright, this isn’t a mortgage type, but you need to know about it! If you put less than 20% down on a home, mortgage insurance protects your lender in case you quit making payments. The cost varies by type of loan so ask your Mortgage Professional about it with every loan you discuss. Mortgage insurance can now be a tax write-off depending on your income level, due to a recent change in the tax laws. Also, once you believe you have at least 20% equity, you should contact your lender to find out about getting rid of Mortgage Insurance, also known as PMI.

3) FHA Mortgage.

Thought of as the first time home loan program but actually available to anyone. The down payment is only 3.5% and is more forgiving of lower credit scores. The interest rates are not as attractive as conventional, but qualifying for the loan isn not as tough either.

4) VA Loan.

Zero down payment loan, but you must be a veteran.

5) USDA Rural Housing Loan.

This USDA Mortgage Loan can only be used in designated areas & towns, but their definition of rural may be more flexible than you think.

6) Adjustable Rate Mortgage (ARM).

These have rates that start out lower than the current rates, but can change after one, two, or five years – usually upward!

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