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Learn More About the Types of Home Loans Available to You

Available Home Loan Options | Trust in EquityWhen it comes time to find funding for a home purchase, it can feel overwhelming to consider all of the information and programs available to homebuyers. That’s why we’ve put together this handy summary of typical home loan options for you to review.

Conventional Loan: Conventional loans follow the guidelines created by GSEs (government-sponsored enterprises) Fannie Mae and Freddie Mac but are not guaranteed or insured by the federal government. Loans can be fixed or adjustable and often require a smaller down payment than other loan types.

FHA Loan: Another type of loan with a low down payment is the FHA loan. This loan through the Federal Housing Administration is backed by the federal government. Choose either a fixed or adjustable loan and enjoy the ability to qualify for this type of loan more easily than some other types.

Veterans Administration Loan: If you have served or currently serve in any branch of the U.S. military, then you likely qualify for a VA loan. VA loans do not require any down payment.

USDA Rural Development Loan: USDA rural development loans are perfect for homebuyers who wish to purchase in a rural area.  This loan product requires no money down and very low interest rates.

Jumbo Loan: If your home purchase requires a loan of more than $417,000, a jumbo loan may be for you. Loan qualifications are stricter than with other loan types.

If you have questions about a particular type of home loan or are ready to apply for a loan, contact us today and we will get you all the information you need and help you to navigate the process as easily as possible!

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You Have the Credit, Now Get the Mortgage Loan

By Trust in Equity
November 21, 2018 Category: Mortgage Loans, Mortgages, Credit Scores

You Have the Credit, Now Get the Mortgage Loan Trust in Equity has partnered with Virteom to educate our customers and users through video. In this weeks blog, we talk about mortgage loans backed by a strong credit score. Trust in Equity is a mortgage broker in Avon Ohio that services the surrounding areas and Greater Cleveland. Watch our video below to learn more. How to Choose a Mortgage Lender? Bring your mortgage needs to us! At Trust in Equity, we work with about 10 different lenders to bring you the best mortgage for your specific needs. First, we will create your profile, including assessing your credit. After we build a strong credit profile, we put the scenario out to all of our lenders. Heres where we make the difference; since were on the wholesale end of things, we have the ability to offer the best rates on the market. How Does the Mortgage Process Work? At Trust in Equity, you get more than just applying for a mortgage loan. We begin our intake process by assessing

Is the Lowest Mortgage Rate Always the Best Value?

By Trust in Equity
November 08, 2018 Category: Mortgage

Hello everyone, on todays blog we have Dan from Virteom, and one of Trust in Equitys own, Larry. Weve been giving you guys this nice cool little mini video series if you havent seen these videos - check out all the other videos. Theres a lot of good stuff on how to refinance your mortgage and so on and so forth. Is the lowest mortgage rate always the best value? *below is a transcription of the video Today we thought wed have a little bit of fun and were going to talk about what you should do if youre looking for paint. If you go to your local hardware store and youre looking to buy paint and all that kind of stuff what should they do? Larry what do you want them to do here. A lot of times you hear these commercials about you know buy this paint, get this paint, its the best brand out there. Its like 90 dollars a gallon, right? Yeah. Just because its the most expensive doesnt mean its the best paint for you. Same thing could be said about mortgages just because the rates youre

Mortgage Refinance Opportunities with Trust in Equity

By Trust in Equity
October 30, 2018 Category: Refinance, Mortgage, Home Refinance

Mortgage Refinance Opportunities with Trust in Equity (Ohio) We continue our video series this week with Dan and Larry. This time, they are discussing refinances. Trust in Equity are mortgage brokers based in Avon, Ohio servicing Greater Cleveland. To learn about refinances, watch the video: *below is a transcription of the video. What We Look at In a Mortgage Refinance Most of the time with refinances, were looking to take your existing mortgage. We look at your rate and term of the mortgage, see if it makes sense to maybe change the term and lower your monthly payment as a result. Or, we may look at the interest rates, see if theres a way to reset it that would make sense for you moving forward. Repairing Your Home or Consolidating Debt? One of the other things that we can do with refinances is take cash out of the equity of your home. Ive got a lot of people do that to consolidate debt or maybe do repairs on their home. Reviewing the Term Rateof Your Mortgage Lets say Ive

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