Welcome to Home Right Lending, where we specialize in residential mortgages. At Home Right Lending, we will find a loan that fits each borrower. Unlike big banks that have "order takers" helping you with your loan, we understand your unique needs and concerns.
Our consultants know what it takes to get through underwriting quickly. our extensive network of lenders enables us to identify the lender who can offer the best rates that align with your specific scenario. We acknowledge that every borrower has unique needs, and our commitment is to identify the appropriate loan program that matches those needs.
At Home Right Lending, we are dedicated to providing outstanding customer service. Our team is here to assist you at every step of the process, from filling in the initial application to the closing of your loan. Whatever your requirements, we are here to support you in realizing your homeownership goals.
Fixed-rate loans are loans that have a fixed interest rate for a set period of time. The interest rate does not change for the duration of the loan. Fixed-rate loans are usually available for terms of 15, 20 or 30 years. The longer the term, the lower the monthly payments will be. However, longer terms also mean higher interest costs over the life of the loan.
FHA loans are government-backed mortgages that can be used to finance a home purchase or refinance an existing mortgage loan. FHA loans are available in most states, and are designed for first-time homebuyers, as well as those with low or moderate incomes.
VA loans are the most popular type of mortgage for veterans and active duty service members. VA loans have many benefits, including lower down payments, zero points and no private mortgage insurance (PMI). The difference between direct and guaranteed loans is that direct loans allow you to choose your own lender while guaranteed loans let you choose a lender at closing.
Jumbo loans are mortgages above the conforming limit set by Fannie Mae and Freddie Mac. They can be used to buy primary residences, second homes, investment properties or commercial real estate. The loan limits vary depending on where you live. The conforming limit is the maximum amount of money that a bank will lend on a home loan in any given area that they service.
Reverse mortgages are a type of home equity loan that allows older homeowners to convert their home equity into cash. A reverse mortgage is not the same as a traditional mortgage or home equity line of credit (HELOC). With a conventional mortgage, you pay off the loan over time, while with a reverse mortgage, you borrow against your home's equity. When you have no more equity available, your loan is paid off.
Adjustable-rate mortgages, or ARMs, are loans with interest rates that change over time. Because your monthly payment will change as the interest rate changes, these loans typically have a fixed interest rate for a set period of time, such as two or three years. After that time period ends, the mortgage rate will adjust every year or so based on an index rate.
Mortgage loans are often the biggest financial decision you'll make, and they can have a significant impact on your life. They're also among the most complex financial products available, with many different types to choose from and multiple factors to consider before choosing one that's right for you.
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Buying a home is one of the biggest financial decisions you will make in your life. To make this decision, you need to have all the facts about homeownership, including what it costs and how much it will save you over renting.
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Mortgage rates and closing costs can be confusing, but it's important to understand them before you buy a home. Mortgage rates are the interest rate you pay on a loan. The interest rate is usually expressed in terms of an annual percentage rate (APR). Closing costs are fees paid at or near the time of closing on a home purchase.
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Mortgage News and Education. We are here to help you buy or refinance your home. Our goal is to make the process as simple as possible for you. We also want to educate you so that you can make smart choices when it comes to your mortgage.
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