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Home Loans 101

If you are interested in a property for sale near Grapevine, then one of the first steps is to decide what kind of home loan is right for you. Mortgages can vary dramatically, and it is important to find the one that is best suited for you financially before you look at property for sale. This video explains more.

Of all types of mortgages, conventional loans are the most common. Convention loans originate from a traditional lender, like a bank, and typically have the lowest rates. Unconventional loans usually involve using smaller investors, so the rates are higher. Conventional mortgages include fixed rate loans, adjustable rate loans, and FHA loans. Each has its own benefits and drawbacks, so consider your circumstance before you find property for sale.

Categories: Mortgages