Friday, January 20, 2012

Home Mortgage Loans for First-Time Buyers

If you're a first-time buyer for a home mortgage, the process can be a little overwhelming. The below article covers a few tips you need to know before getting into the process.

Once you’ve found a home, you need to find a way to finance it. The question is, how do you know what kind of mortgage you need to get? Traditional thinking will tell you that you should ALWAYS get a “traditional” 30-year amortizing fixed rate mortgage. That being said, everyone has different needs and financial situations and no lender should put everyone in the same basket. You should also always consult your tax adviser and/or financial adviser as part of your decision process.

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