What’s Ahead for Home Prices in 2023
What’s Ahead for Home Prices in 2023 Get Pre-Qualified NOW! Mortgage Trends Over the past
Conventional Loans without the Hassle!
There are scores of mortgage loans, but they generally fall into two broad categories: Loans that are insured or guaranteed by the government, such as FHA, VA and USDA loans, and loans not insured or guaranteed by the government, which are called conventional loans. The majority of home loans are processed with a conventional loan.
So, what’s the best loan for you? Government-guaranteed or conventional? Because conventional loans generally have fewer restrictions than government-guaranteed loans, Inverness Capital has more discretion to offer their borrowers more flexible terms, features, and benefits.
✓ Down payments as low as 3%
✓ Fewer restrictions compared with government-back loans, such as no military affiliation (VA) or rural area (USDA) required
✓ No upfront mortgage insurance required
✓ Private Mortgage Insurance (PMI) can be canceled after 20 percent equity is achieved. A borrower must initiate MI termination based on the original value of the property if that property is their principal residence or second home, and the borrower has an acceptable payment record.
✓ Higher credit scores can result in a lower interest rate
✓ Less strict appraisal and property requirements than FHA, VA, or USDA loans
✓ Loan processing is faster
✓ Term lengths can vary between 15 and 30 years
Here’s how our home purchase loan process works:
1. Complete a Pre-Approval Application
2. Receive options based on your unique criteria and scenario
3. Compare mortgage interest rates and terms
4. Choose the offer that best fits your needs
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Finding a great home loan involves careful consideration of your needs, finances, and history. Not sure what loan is the best choice for you? Contact us, and our team of experienced lenders will work to find the best options for you and your budget. We are here to guide you.
We’ve been helping customers afford the home of their dreams for many years and we love what we do.
Xpert Home Lending, Inc. is a Real Estate Broker Licensed by the California Department of Real Estate DRE #02166758 NMLS: 2179191
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