When you begin choosing your mortgage, you should know that there are several different types available. There are also a few things that you should consider before choosing a particular mortgage. Your current and expected financial situations and the points you are willing to pay should be taken into account.
Rates on 30-year mortgages dropped sharply again this week, falling to the lowest level in seven months. On Thursday, September 18th, Freddie Mac’s nationwide survey found that 30-year, fixed-rate mortgages had declined to 5.78 percent from 5.93 percent the previous week.
Plan ahead for your home buildiing loan. Be ready to fill out lots of forms and supply tons of notarized and legally sealed background documentation. To be prepared for this onslaught, you should have these documents ready.
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Christine Cooney
Christine has over a decade of experience as a house plan and floor plan expert. Outside of providing her expertise to customers to help them find and build their dream homes, her passion and knowledge of the home building industry allows Christine to guide families and builders through all of the important steps from finding plans to building custom homes that meet the expectations of today’s new home owner. Christine’s years of knowledge of the diverse trends and needs of the modern homeowner has made her into an authoritative and trusted voice in the online house plan community.