Chino Mortgage Loans

We can get you hooked up with trusted Mortgage Lenders to meet all your home loan needs. Here is some information on the types of financing available.

Types of Home Loans

• Fixed Rate Mortgage Loan
• Adjustable Rate Mortgage Loan
• FHA Mortgage Loan
• Sub-Prime Mortgage Loan
• Jumbo Mortgage Loan
• Interest Only Mortgage Loan
• No Money Down Mortgage Loan
• 80/20 Mortgage Loan
• Stated Income Mortgage Loan
• Reverse Mortgage Loan
• Refinance Mortgage Loan

Mortgage Loan Definition

A mortgage loan is a long-term loan for which the house and land you are buying are used as collateral. If you aren’t able to meet the terms of your mortgage, the bank or lending agency can take your house. It’s important when you are shopping for a loan to make sure that you balance the kind of house you want against the mortgage payment you can afford.

The main difference between first-time loans for houses is the amount of interest charged and how long the loan lasts. Most mortgages have 15 or 30-year terms, and the payment will include money for the principal, interest, taxes and insurance (unless your lender does not require taxes and insurance to be paid in escrow, where the money is held until the payment is due).

See discussions on each type of mortgage loan cited above here and more about Chino Hills Homes & Real Estate.