Getting the right type of real estate home loan is an important part of the home buying process. In this section of our web site we have put together some basic information regarding the types of real estate home loans that are common in the market today.

Fixed-rate mortgages Fixed rate mortgages are mortgages where the interest rate stays the same for the entire term of the loan. The advantage to a fixed rate mortgage is that if you lock a relatively low rate, your payment won’t go up when rates do.

Adjustable-Rate Mortgages With an adjustable rate mortgage, the rate of the loan can change throughout the term of the loan. The rate of the loan is based on adding points to a fixed base.

Hybrid loans A hybrid loan combines a fixed period along with an adjustable component. Usually these loans are fixed for a period of time and then the loan becomes adjustable where it is dependant on current rates.

FHA real estate home loans An FHA loan is a loan in the United States that is insured by the Federal Housing Administration.

VA real estate home loans A VA loan is a loan in the United States guaranteed by the Veterans Administration. The loan may be issued by qualified lenders. The VA was designed to offer long-term financing to American Veterans or to their surviving spouses.

If you’d like to receive more information about more specific Surprise real estate and properties for sale loan programs in Surprise, Peoria, Glendale, Glendale, Buckeye, Avondale and surrounding Maricopa County, AZ areas, then please fill out the following form below or contact us today.  We understand that you may be in the information-gathering stage and may not be ready to open up about who you are or your real estate needs at this time.  If you are not comfortable providing all your contact information that is perfectly OK.  Just enter your e-mail address so we can send you the material you requested.  Please be assured that your privacy will be kept sacred and your information will never be shared with any third party.