slide1 n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Getting A Home Mortgage Loan PowerPoint Presentation
Download Presentation
Getting A Home Mortgage Loan

Loading in 2 Seconds...

play fullscreen
1 / 30

Getting A Home Mortgage Loan - PowerPoint PPT Presentation


  • 3 Views
  • Uploaded on

\"Mortgage Originator Jimmy Vercellino, specializing in VA loans, helps veterans use their VA loan benefit to their greatest advantage. For more details call us at 480-351-5904 or visit our site http://www.valoansforvets.com/\n\nThe views expressed here are those of the individual author and do not necessarily represent those of First Choice Bank (NMLS #: 177877) and First Choice Loan Services Inc. (NMLS #: 210764), 7600 E. Doubletree Ranch Road, Scottsdale AZ 85258. Equal Housing Lender. www.fcloans.com/disclaimer/\n www.fcbhomeloans.com/privacy\n\n7600 E. Doubletree Ranch Road #200\nScottsdale, AZ 85258\nPhone: (480) 351-5904\nEmail: jimmyv@fcbmtg.com\n\nhttp://www.valoansforvets.com\nhttp://google.com/ valoansforvets\nhttp://facebook.com/valoansforvets\n\"

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Getting A Home Mortgage Loan' - garydavidwilliams


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
are you thinking about buying a home

Are you thinking about buying a

home but don't know the first thing

about the type of loan to use?

You may feel as if you are lurking in

unfamiliar territory.

however with a little bit of knowledge

However, with a little bit of

knowledge and research, you will

feel confident enough to

approach a lender about getting a

loan.

you can also talk to a loan specialist who will

You can also talk to a loan

specialist, who will guide you

through the process and help

you determine the best route to

take.

this article can help understand what type

This article can help understand

what type of loan is right for you.

it pays to know the difference between

It pays to know the difference

between the various types of

loans out there.

For veterans, a VA loan can put

you in the door of your dream

house.

there are some stipulations as with any type

There are some stipulations as

with any type of loan.

The most important thing you will

need to know is that, with this

type of loan, the VA guarantees

the lender against loss if there is a

default on the loan.

in other words a private lender such as a bank

In other words, a private lender

such as a bank or mortgage

company may be more likely to

front the money for a veteran

because of this guarantee.

with no down payment and the seller able to foot

With no down payment, and the

seller able to foot a lot of the

closing costs, it is a very

affordable way for a home buyer

to get their own place.

a certificate of eligibility is required

A Certificate of Eligibility is

required to get this type of loan.

the many benefits of a va loan

THE MANY BENEFITS

OF A VA LOAN

one of the best benefits of this type of loan

One of the best benefits of this

type of loan is no down payment

is required.

This is very helpful especially if

you are a first-time home buyer

and just starting out.

some of the fees such as the va funding

Some of the fees such as the VA

Funding Fee can be financed so

there isn't a lot of out-of-pocket

expense.

A big plus is there is no mortgage

insurance premium which can

make payments higher.

fortunately the va does not require a buyer

Fortunately, the VA does not

require a buyer to purchase this

type of insurance.

with a reasonable interest rate and the buyer

With a reasonable interest rate

and the buyer’s interests at

heart, lending via the Veteran’s

administration may be the way

to go.

first it will help to understand the workings

First it will help to understand the

workings of an FHA loan.

Again, this type of loan is

guaranteed but not by the VA.

it is guaranteed by the federal housing

It is guaranteed by the Federal

Housing Administration.

So, when you take out an FHA loan,

just like the VA, they will guarantee

to the lender the monies in case of a

default.

the difference between an fha and va loan

The difference between an FHA

and VA loan is the down payment.

Where the VA requires zero down,

the FHA requires at least 3.5% of

the price of the home.

the fha has low down payments and low closing

The FHA has low down payments

and low closing costs. Also, it is

much easier to qualify than with

most other lenders.

whether you choose a va loan or an fha loan both

Whether you choose a VA loan or

an FHA loan, both have qualifying

factors that can help you make a

smart decision.

it all depends on your financial need at the time

It all depends on your financial

need at the time of your

purchase.

Factor in the cost of the loan until

it is paid, the interest rate and the

amount of money up front.

mortgage originator jimmy vercellino specializing

Mortgage Originator Jimmy Vercellino,

specializing in VA loans, helps veterans

use their VA loan benefit to their

greatest advantage. Contact him for

more information –he will guide you

through the process.

be a proud homeowner today for more details call

Be a proud homeowner today.

For more details call 480-351-5904 or visit the site

www.valoansforvets.com

va loans for vets 7600 e doubletree ranch road

VA Loans for Vets

7600 E. Doubletree Ranch Road #200

Scottsdale, AZ 85258

Phone: (480) 351-5904

Email: jimmyv@fcbmtg.com