Home Financing is a matter of making decisions, and the first decision is whether you can afford to buy a home. For many people in the middle to lower income bracket this can be difficult, but in Washington there is help in the form of the Local Initiatives Support Corporation. This body helps to fund low cost housing, and also is involved in tax credit support for mortgages for first time buyers. They may be able to help you in a number of ways, including finding affordable housing and helping you to fund your house. Get in touch, and see how their projects can help.
It can be confusing to find your way around all the options for financing your home, but in fact home finance mortgages can be divided into two categories. The first is fixed rate mortgages; these have an interest rate that is set at the beginning of the mortgage, and means that you will have the same monthly repayments for the whole term of your mortgage.
Adjustable Rate mortgages (ARMs) start with a relatively low interest rate, but at set periods within the term of the mortgage, this rate can be adjusted. The adjustment is usually dictated by a financial instrument such as Treasury bills, so that it is equitable to all. These mortgages are great if you think you will be moving within five years.
You can also choose the period of the mortgage, usually 10, 15, 20 or 30 years, giving you a reasonable period to repay your loan. This is the largest financial transaction most people ever enter into, so you must be sure that you make the right decision.
Our featured Washington DC Home Financing partners:
With interest rates at all-time lows, there has never been a better time to refinance.
Take advantage of getting additional cash out to improve your home, buy a new car, or pay for a child’s education. GuideToLenders.com will provide you with competitive loan quotes from up to four lenders. Different types of refinance loans offered are 30-year fixed, 15-year fixed, adjustable rate, and interest only. You’ll receive the best rates and options available, regardless of your credit. It takes less than a minute to apply, and you have nothing to lose.
With interest rates at all-time lows, there has never been a better time to get a home equity loan or line of credit. Need money to improve your home? Maybe you need a new car, or need funds to send a child to college? Whatever the reason, your home is an excellent source of cash. GuideToLenders.com will provide you with competitive loan quotes from up to four lenders. You’ll receive the best rates and options available, regardless of your credit. Your interest on these loans may even be tax deductible. It takes under a minute to apply, and you have nothing to lose. Find your home equity loan or line of credit right now.
A debt consolidation loan may be the solution you need for mounting debts. By tapping into your home’s equity, this type of loan enables you to pay off all your existing debts with one loan. The interest on this new loan may even be tax deductible. At GuideToLenders.com, you’ll receive loan quotes from up to four competing lenders. And don’t worry if your credit is less than perfect. It takes under a minute to apply and you have nothing to lose. Get started.
You found the perfect home — now you need the perfect loan. Imagine having the best mortgage lenders competing for your business. At GuideToLenders.com, up to four lenders will provide you with the best rates and options available. Whether you have excellent credit or have declared bankruptcy, our lenders are eager for your business. Different types of first mortgages offered are 30-year fixed, 15-year fixed, adjustable rate, and interest only. It takes less than a minute to apply, so get started right now.
MoneyNest can help you search through hundreds of lenders and to find the most competitive rates. Get loans for mortgage refinancing, second mortgages, a home equity line of credit, home improvement, or debt consolidation. No fees are required and all credit histories are considered. Fill out a single application and get up to 4 FREE quotes.
DebtWave Credit Counseling, Inc.
DebtWave Credit Counseling, Inc. offers a program to its clients that enables them to repay their debt in a timely fashion. We specialize in working primarily credit cards; however, we are usually able to assist clients with any bills that are considered to be unsecured. Below is a list of benefits that we are typically able to obtain for our clients:
– Reduce your interest rates
– Lower your monthly payment
– Consolidate into one monthly payment
– Eliminate late & overlimit fees
– Stop harassing phone calls (if behind)
Our featured partner for Investment Assistance:
The advantage of having an easy-to-follow, step-by-step investing process with easy-to-use Web-based tools is that you rely on facts to make decisions – not emotions. The benefits are less stress, better results and, dare we say it, fun.