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Home Loans In The US


wealthymattersHome loans are one of the most common types of loans in the United States today.The US has many home loan options which make home ownership and investing in residential properties easy.In addition to the conventional fixed rate and adjustable rate mortgages found world-wide,there are VA Loans,FHA Insured loans and HomePath Mortgages that offer simpler and cheaper ways to purchase residential properties.

Lately refinancing has become a particularly popular option for homeowners in the US, struggling in the face of the economic recession, which has in part caused home pricing to rise despite poor sales in the real estate market. Refinancing helps  lower mortgage payments and allow a person to stay in their home after a financial setback.Refinancing is also an option exercised by savvy real estate investors who want to take advantage of the historically low interest rates in the US and use the bank’s money to grow rich.

When the mortgage balance exceeds the current property value we have an “underwater” mortgage. Refinancing options on such properties are limited because most lenders require some equity in the property ,ideally about 20 percent.However, borrowers can avail of the US government’s Making Home Affordable program(HARP) instead of going for a Short Sale.This program allows qualified borrowers to refinance a loan that is from 105% to as high as 125% of a home’s value.To qualify for HARP,a person must not be on the road to foreclosure.Any delinquent payments in the past 12 months will automatically disqualify a person from eligibility.Second, either Fannie Mae or Freddie Mac must own the loan.

So whether you are buying a new home or have an underwater mortgage, there are options available to make things easier. Working with a professional to find the right option for your personal situation is the first step toward owning your property via an affordable mortgage.Do visit EmbraceHomeLoans.com for more information on the choices available for new and existing home buyers.

And if you think you need to be a citizen or at least a resident of the US to purchase a home there,the correct answer is NO You Don’t.So go ahead and buy a property there if you are a frequent visitor or need to live in the country for a while.

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About Keerthika Singaravel
Engineer,Investor,Businessperson

8 Responses to Home Loans In The US

  1. Anonymous says:

    Hello everyone, My name is Mrs. Linda Frank and i am talking as the happiest person in the whole wild world today and i told myself that any lender that rescue my family from our poor situation, i will tell the name to the whole wild world and i am so happy to say that my family is back for good because i was in need a loan of $ 73,000 USD to start my life all over as i am a single mum with 2 kids and the whole world seemed like it was hanging on me until i met the GOD sent loan lender that changed my life and that of my family, a GOD fearing lender, Mr. Steve of Steve Brown Loan Financial , he was the saviour GOD sent to rescue my family and at first i thought it was not going to be possible until i received my loan of $ 73,000 USD and i will advise anyone who is in genuine need of a loan to contact Mr. Steve Brown via email at. (stevebrownloan4@hotmail.com) OR (stevebrown012@gmail.com ) because he is the most understanding and kind hearted lender.

  2. Steve Brown says:

    Dear Value Customer,
    My name is Mr. Steve Brown CEO of Steve Brown Loan Company, We give out legitimate loans to serious Individual and Companies that are in need of loans, we offer all kinds of loans at 3% interest rate without stress, apply with us and get your loan transfer to you within 2 days, interest person or company should contact us
    We offer all kind of categories of loans :
    Short term loan 5_10years
    Long term loan 20_40
    Medium term loan10_20
    We offer loans like
    Home loan…………………
    Business loan……………..
    Debt loan ……………..
    Student loan…………..
    Business start up loan
    Business loan ………..
    Car loan …………..
    International loan
    Company loan……..etc
    When it comes to financial crisis and loans then Brown Wilson loan financial is the place to go please just send us an email and application form will be send back to you

    • Readers please note I do not endorse the above firm,its products nor the commentator.

  3. lim koh says:

    We offer our Loans to our clients In USD($), GBP(£) Euro(€) or ($) Singapore Dollars and in the following categories.

    Auto ,Mortgage ,Business ,Personal ,Real Estate Loan.

    Contact us today for easy loan with less stress. We give out loans at low and affordable interest rate… Why waste more time? Contact us ASAP so we can move on with your request.

    Contact us for more information with the Contact below,

    Loan Agent: Peter White

    Email: lim.koh56@yahoo.com

    Thank you for your response.

    Yours Faithfully,
    Mr. Lim Koh(C.E.O).

    LIM LOANS FIRM

    • Readers,please note I in no way endorse the company or service above.We have had no prior dealings and so I can venture no comments on their honesty,authenticity or value.

  4. Hwa Jurong says:

    Good Day !!!!!

    I am Hwa Jurong, a Reputable, Legitimate & an accredited money
    Lender. I loan money out to individuals in need of financial assistance.
    Do you have a bad credit or are you in need of money to pay bills?
    i want to use this medium to inform you that i render reliable beneficiary
    assistance as I’ll be glad to offer you a loan at 2% interest rate to
    reliable individuals.

    Services Rendered include:
    *Refinance
    *Home Improvement
    *Inventor Loans
    *Auto Loans
    *Debt Consolidation
    *Horse Loans
    *Line of Credit
    *Second Mortgage
    *Business Loans
    *Personal Loans
    *International Loans.
    Please write back if interested.
    Upon Response, you’ll be mailed a Loan application form to fill. (No social
    security and no credit check, 100% Guaranteed!) I Look forward permitting me to
    be of service to you. You can contact me via e-mail: hwa_jurong@yahoo.com.sg
    Yours Sincerely,

    Hwa Jurong(MD).

    • Readers please be aware that I do not personally endorse the above service as I have no experience dealing with this person.

  5. Sarah says:

    A useful post, thanks!
    Sarah

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