by Linda | Apr 9, 2023 | Home Loan Basics, Notary Services
Construction loans are a type of short-term loan that is designed to finance the cost of building a new home or remodeling an existing one. The purpose of a construction loan is to provide the funds necessary to complete the construction project and make the property...
by Linda | Apr 3, 2023 | Home Loan Basics, Notary Services
An adjustable-rate mortgage (ARM) is a type of home loan where the interest rate changes periodically over the life of the loan. This type of mortgage loan is different from a fixed-rate mortgage, where the interest rate stays the same throughout the life of the loan....
by Linda | Mar 26, 2023 | Home Loan Basics, Notary Services
Jumbo mortgage loans are a type of home loan that exceeds the maximum loan limit set by government-sponsored entities such as Fannie Mae and Freddie Mac. This limit varies depending on the location of the property, but in general, a jumbo loan is any loan that exceeds...
by Linda | Mar 20, 2023 | Home Loan Basics, Notary Services
USDA (United States Department of Agriculture) rural development loans are a type of government-backed home loan designed to help low- and moderate-income families purchase a home in rural areas. These loans offer many benefits to borrowers, including low interest...
by Linda | Mar 13, 2023 | Home Loan Basics, Notary Services
VA (Department of Veterans Affairs) mortgage loans are a type of government-backed home loan designed specifically for veterans, active military personnel, and their surviving spouses. These loans offer many benefits to those who have served in the military, and they...
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