Tip #7 of 10 Tips You Should Consider Before House Hunting - 05/10/11 12:16 AM
Choose your loan, before you shop for your home.  There are two main types of loan catagories; Conventional Loans and Government Loans.
The loan options available to you will be determined by:
* Down Payment
* Loan Amount
* Loan to value or need for mortgage insurance
* Credit score
* Property Type
Down payment:  If your assets allow a down payment of 10% or more then a conventional loan may be a worthwhile consideration.  The mortgage insurance costs will be lower and it may be possible to remove the mortgage insurance earlier than on the government counter part.  FHA requires … (2 comments)

 
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INGRID PIERSON NMLO#233666 800-530-9421

Roseville, CA

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VITEK Mortgage Group

Address: 3 Park Center Circle, Sacramento, CA, 95825

Office Phone: (530) 885-1545

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