Find A Loan To Suit Your Situation

Check for various offers available, various discounts, repayment options, credit score, how much you can pay back on monthly installments,  before applying for a home loan

 • Buying your first home
 • Refinancing your home loan
 • Investing in property
 • Selling and buying a home
 • Building a new home
 • Renovating your home

These loans are often made without any down payment at all, and frequently offer lower interest rates than ordinarily available with other kinds of loans.

Before arranging for a new mortgage to finance a home purchase, you should consider some of the advantages of  home loans

1. Most important consideration, no down payment is required in most cases.

2. Loan maximum may be up to 100 percent of the established reasonable value of the property. Due to secondary market requirements, however, loans generally may not exceed $240,000.

3. Flexibility of negotiating interest rates with the lender.

4. No monthly mortgage insurance premium to pay.

5. Limitation on buyer's closing costs.

6. Thirty year loans with a choice of repayment plans:

a. Traditional fixed payment (constant principal and interest; increases or decreases may be expected in property taxes and homeowner's insurance coverage);
b. Graduated Payment Mortgage--GPM (low initial payments which gradually rise to a level payment starting in the sixth year); and
c. In some areas, Growing Equity Mortgages-0GEMs (gradually increasing payments with all of the increase applied to principal, resulting in an early payoff of the loan).

7. For most loans for new houses, construction is inspected at appropriate stages to ensure compliance with the approved plans, and a 1-year warranty is required from the builder that the house is built in conformity with the approved plans and specifications. In those cases where the builder provides an acceptable 10-year warranty plan, only a final inspection may be required.

8. Right to prepay loan without penalty.

9. performs personal loan servicing and offers financial counseling to help you avoid losing your homes during temporary financial difficulties.

Get the Lowest Rate on Your New Home Loan