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Top 5 Questions about the Top 5 Mortgage Loans – Conventional Loans

Recently, we answered the Top 5 Questions about FHA Loans. This week, we will discuss Conventional loans. If you are planning to purchase a home soon, read on to learn more about whether a Conventional loan might be the right financing option for you. Conventional Loans A Conventional or conforming loan is one which adheres […]

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Paper with words fha loan on a wooden background.

Top 5 Questions about the Top 5 Mortgage Loans – FHA Loans

If you are considering purchasing a home, you may wonder what your financing options are. While there are many mortgage options available, some of the most common loan types are conventional, FHA, VA, USDA, and Jumbo loans. Over the next several weeks, we will answer the top 5 questions about the top 5 types of […]

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Home For Rent Sign

Tips for Purchasing a Second Home or Investment Property

If you are currently a homeowner, you may be considering purchasing a second home to rent out or to use as a vacation home. While much of the process will be the same as when you bought your first home, there are many other factors to consider that you may not have had to examine […]

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6 Steps to Purchasing a New Home – Step 6: Closing

Recently, we discussed the fifth step in the home buying process: Processing and Underwriting. Once the clear-to-close (CTC) is issued, your loan moves into the sixth step: Closing. This is the final step in the process before you move into your new home. What Happens at Closing At closing, all the necessary paperwork is presented […]

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Mortgage Application

6 Steps to Purchasing a New Home – Step 4: Apply for the Loan

Recently, we talked about the third step in the home purchase process: finding your home. Once you have found a home you want to buy, the next step is to apply for your home loan. This is the time to assemble and submit all of your financial information and documentation to your lender for evaluation. […]

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Young family couple trying to get loan

6 Steps to Purchasing a New Home – Step 2: Choose Your Loan Type

Recently, we discussed the first step in the home purchase process: getting pre-qualified. Getting pre-qualified allows you to enter the home buying process prepared, with a budget in mind. Once you’ve been pre-qualified, the second step in the home buying process is to choose your mortgage loan type. Fixed-Rate vs. Adjustable-Rate Mortgage loans are split […]

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Silver house key lying on a contract for house sale

6 Steps to Purchasing a New Home – Step 1: Get Pre-qualified

Buying a home is one of the most significant financial decisions you will make in your life. Each step in the process is important to ensure a smooth transaction. Over the next several weeks, we will explore each step of the home buying process in detail. Experienced NFM Lending Mortgage Loan Originators will share advice […]

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