Loan Programs Articles

Available Home Loan Options
30-Year Fixed Rate Mortgage: A 30-year fixed rate mortgage gives you the security of always knowing what your loan payments will be. . 30-year FRM's are usually the best choice when you are planning on staying in your home for a long time and have a set income rather...

Choosing a Home Loan and Terms
There are several home loan programs available for you. Each option will provide terms that may or may not best suit your current financial situation. Before applying for your loan, you should do the due diligence and evaluate your options. . Consider the individual...

The Difference Between Recourse and Nonrecourse Loans: How You Can Save Money
Loans can occur as either recourse, or nonrecourse debt and how it's classified can have a significant impact on a borrower's financial future.. What you should knowIf a loan amount is secured by property such as a house and the borrower defaults, the lender...

VA Loan Benefits
Due to the VA Home Loan program's flexibility, guaranteed backing by the federal government, and major benefits, a VA home loan can help members of the service who may otherwise struggle to find and purchase a home of their own.. Down Payments Not Required for a VA LoanSince...

Loan Programs for First Time Buyers
To be eligible for one of the many First-Time Home Buyer programs, the buyer may not necessarily have to be purchasing their first home. It's possible to qualify as a first time buyer  if you have not owned a home in the past three years.. There are various state and...

Buying a Commercial Apartment Building
Purchasing commercial apartment buildings is one of the best ways to have a safe, enduring investment that provides immediate income, appreciation and preferential tax treatment. Financing is the key to a smooth investment transaction since a loan is one of the biggest...

Mortgage Banking Specialty Programs in New York
New York Streamline Refinance Options for FHA and VA LoansStreamline refinance is the best option for you if want to approve your loan with the minimum documentation and underwriting process, if you already have a VA or FHA guaranteed loan. This refinancing is usually the...