Posts Categorized: Uncategorized

What Are Fixed Rate Loans

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Fixed Rate Loans A fixed rate loan is one in which the rate is “fixed” for the life of the loan. It never goes up or down; it is locked in. It can be a conventional, FHA or VA loan. It can be for 15-, 30-, or 40-year terms. But whatever type it is, the […]

What is a Jumbo Loan

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What is a Jumbo Loan? A jumbo loan is a conventional loan for an amount greater than the “conforming loan limit.” Jumbo loans cannot be purchased, securitized, or guaranteed by Fannie Mae or Freddie Mac, which means they are perceived to have more risk for the lender. What is a “Conforming Loan Limit” on a […]

Tips for First-Time Home Buyer Loans

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As mortgage specialists, National Home Finance wants to make the mortgage process easier for first-time home buyers. We realize that there is a lot you may not know about the home buying process, and we are here to help you get all the knowledge necessary to make the best informed choice for your future. There […]

Mortgage Loan Basics

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The most popular types of mortgages throughout the United States are Fixed Rate (Conventional) and Adjustable Rate Mortgages (ARM). Our finance company offers both, as well as a variety of other home finance options. Fixed Rate Mortgages Mortgages generally run for 30 years, but may have 15-year or 20-year terms. A fixed-rate or conventional mortgage […]

5 Top Reasons to Buy a Home Now

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5 top reasons to buy your first home:   1. Stop throwing away rent money. Home Financing: When you make house payments you are investing in YOUR future, not your landlord’s. Our tax rates favor homeowners. 2. Stability.  When your landlord tells you the rent is going up or that they are selling the house […]

Tips for Buying Your Next Home

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Buying your first home? Questions about Home Financing?   Buying your first home is exciting! There are several steps to take to ensure you head down the right path from the beginning.   How much can you afford? Doing a budget of your current expenses will help you estimate how much loan you can afford. […]