What is a Federal Housing Administration (FHA) Loan

Posted by & filed under Homeowner Resources, Uncategorized.

Federal Housing Administration (FHA) Loans Federal Housing Administration (FHA) loans are “guaranteed” by the government, which means the lender has less risk when giving you the loan. For this reason, you can get an FHA loan with a lower down payment than with a conventional loan. The minimum down payment for a FHA loan is […]

What is an Adjustable Rate Mortgage or ARM Loan

Posted by & filed under Homeowner Resources, Uncategorized.

What is an Adjustable Rate Mortgage or ARM? Adjustable rate mortgages (ARM) are the opposite of fixed rate – with an ARM, the rate fluctuates or “adjusts” after an agreed-upon period of time. This adjustment is made according to a rate index, and the index used varies by lender. ARMs are desirable for people who […]

Tips for First-Time Home Buyer Loans

Posted by & filed under Homeowner Resources, Uncategorized.

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

Posted by & filed under Homeowner Resources, Uncategorized.

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

Posted by & filed under Homeowner Resources, Uncategorized.

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

Posted by & filed under Homeowner Resources, Uncategorized.

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. […]