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This article explains the financing options that are available to a first-time home buyer. We will talk about the different ways to finance a home, the pros and cons of.
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Loan Amounts up to $453,100 – Calculate Your Estimated Payment Now; Although the most common loan programs require a percentage of the purchase price to be applied as a down payment, there are still Zero Down Home Loan programs available.
The mortgage rate isn’t the only factor when it comes to the cost of your home loan. Be sure to look at each lender’s fees and closing costs to fully assess the cost of the loan. When you apply for a loan, your lender will give you a form called a Loan Estimate that makes it easier to compare the total cost of the loan, including fees.
Financing. Congratulations on purchasing your new home! This is an exciting time, but there are some steps that will help make this process run a lot smoother.