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...
by Linda | Mar 6, 2023 | Notary Services
FHA (Federal Housing Administration) mortgage loans are a type of government-backed home loan designed to help lower-income and first-time homebuyers purchase a home. FHA loans are one of the most popular types of home loans, and they offer many benefits to borrowers...
by Linda | Feb 26, 2023 | Notary Services
A conventional mortgage is a type of home loan that is not backed by a government agency. It is often referred to as a “conventional loan.” This type of loan is one of the most popular types of mortgages and is available to many people who are looking to...
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