fha loan: Financing Terms
- 12/14/09 03:53 AM
One of the first things you will be doing in your new home search is getting pre-approved for a mortgage loan. While going through this process, you will come across financing terms that you may not be familiar with. Your understanding of these financing terms will help you make an educated decision on what the best loan for you will be. In addition, while speaking with your loan officer, it is important you understand the process. Understanding some of the financing terms will help make sense of all that is going on. • Adjustable Rate Mortgage (ARM)~ This type of loan has … (4 comments)
One of the first things you will be doing in your new home search is getting pre-approved for a mortgage loan. While going through this process, you will come across financing terms that you may not be familiar with. Your understanding of these financing terms will help you make an educated decision on what the best loan for you will be. In addition, while speaking with your loan officer, it is important you understand the process. Understanding some of the financing terms will help make sense of all that is going on.
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