20Feb/100
Top 10 Things to Consider on Home Loans – Debt Consolidation
Top 10 Things to Consider on Home Loans
Tom Levine
Here are our Top 10 most important things to consider when shopping for a Home Loan, Equity Line of Credit, or Refinance, courtesy of LoanResources.Net:
Down-Payment
Fixed Versus Adjustable Rate
APR
Loan Types
Loan Amount Qualification, Income
Loan Amount Qualification, Expenses
Employment and Credit History
Points
Sub-Prime Loans
Short-Forms
1. Down-Payment - As a general rule of thumb, lenders will be seeking contribution from you of around 3% to 6% of the total loan value. This can be negotiable, and there are many loan packages available.
2. Fixed versus Adjustable