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Nine Steps to Buying a Home - Step #3: You'd Better Shop Around
First-time home buyers have lots of hurdles to climb during the transaction that is considered the most expensive purchase you will ever make.  I'm talking about buying your first home.  The hurdles, though, can be overcome relatively easily by having a trained professional on your side and by knowing what's in store.  To that end, here is Step 3 in "Nine Steps to Buying a Home."  It is my hope that you will find valuable information in this series that will help you not only negotiate the real estate sea on which you currently find yourself but also that you will be clearer about what to expect from here.Step 3:  You'd Better Shop AroundAs in many things, not all home loans are created equally. As a result, when you are ready to get pre-qualified (which we highly recommend), it will be necessary to do even more homework in shopping for the best home loan for your needs and situation.There are different types of loans:
Fixed Rate Mortgage - the interest rate is locked in and will not change during the life of the loan no matter the changes in current market conditions. Adjustable Rate Mortgage - the interest rate can increase or ... more

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