Getting the right type of real estate home loan is an important part of the home buying process. In this section of my web site I have put together some basic information regarding the types of real estate home loans that are common in the market today.

Fixed-rate mortgages With this type of loan, the interest rate remains consistent throughout the term of the loan. The advantage to a fixed rate mortgage is that if you lock a relatively low rate, your payment won’t go up when rates do.

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.

Hybrid loans A hybrid loan combines a fixed period along with an adjustable component. Usually these loans are fixed for a period of time and then the loan becomes adjustable where it is dependant on current rates.

FHA real estate home loans An FHA loan is a loan in the United States that is insured by the Federal Housing Administration.

VA real estate home 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.

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.

In order to answer your help assist you with any of your mortgage needs, I have provided you with this simple form. This form will help me assist you with any of your real estate or home financing needs. Thanks again for visiting and please note that your information will be kept strictly confidential. If you have other real estate needs here in Peoria, Glendale, Phoenix, El Mirage, Litchfield Park, Goodyear, and surrounding Maricopa County, AZ be sure to contact me today.

Do you need additional information regarding getting home financing and real estate mortgage services in Peoria, Glendale, Phoenix, El Mirage, Litchfield Park, Goodyear or in any other surrounding Maricopa County, [STATE] area? 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.