Am I eligible for a USDA Approved Steak? What About a USDA Loan?
A steak? Yes! A loan… perhaps. Most people associate USDA with food. You may recognize these 4 letters from the labeling on the meat and veggies you purchase for your family. This is one facet of the USDA. It also pertains to housing. If you qualify, you can purchase a home with little to no money down! USDA loans are offered by the USDA, and they allow you to purchase, refinance, renovate, repair or even relocate a home. The program hasn’t been around forever, though. It began in 1991 in an effort to boost home ownership in rural areas. Unlike conventional mortgages, there’s no down payment required – the loan can even cover closing costs, if the seller doesn’t. The most common reason that people do not pursue home ownership is coming up with...
Read MoreGet The Best Home Loan That’s Possible
When you’re shopping for your home mortgage loan, it’s vitally important that you make sure to compare the offers out there and get the best home loan that’s possible. Some home buyers find comparing mortgage loans very difficult. Here are a few steps you can take to do comparisons between several loan proposals to be sure you get the best loan possible: Never ask the question “what’s the very best rate I can get?”. This is an open ended question, and your closing costs are going to be a main factor in your rates. Actually, the best rates mortgage lenders can give you are going to have the highest closing costs. So when you try to compare offers between lenders, this may get a bit tricky. You should ask about the closing cost...
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