Houston Mortgage Guidelines<br />Helpful Tips and Definition of Terms<br />
Mortgage<br />
A loan secured by a house/property and paid in instalments on an agreed period.  <br />   The largest financial obligation...
Defining of Terms<br />Lending2All.com – The Leading Firm For Mortgage and Home Loans In Texas, USA <br />
pertains to the length of time  you will pay off in full the loan<br />Terms<br />Lending2All.com – The Leading Firm For M...
the interest rate. The amount of money charge by  the lender for providing the loan<br />Rate <br />Lending2All.com – The ...
Costs<br /> closing costs added into every mortgage. It includes all the fees associated with mortgage<br />
Finding  a  qualified  mortgage broker  that can work with you and help you  in the process  is the  first thing you need ...
Floating vs. fixed Interest rates <br />
Floating Rates <br />Also known as Adjustable rate mortgages which is considered as a ideal solution for some but a great ...
Fixed Interest Rates<br />For first time buyer of houses  or for those who  intend to live in their house for a shorter pe...
Pre – payment option<br />Lending2All.com – The Leading Firm For Mortgage and Home Loans In Texas, USA <br />
Step 1 : Pay an extra amount on the principal of the loan each month. <br />Step 2: Make an added payment in full  once a ...
Offers the homeowner the chance to pay only the interest of the home for the first few years of  loan repaying. <br />Inte...
Important points <br />If you're planning on purchasing a Houston home and plan on availing a mortgage, it is extremely  e...
Network Funding LPis a Leading Firm for Mortgage Loans & Home Refinance, based in Houston, TX<br />Contact Us Today To Get...
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Houston Mortgage Guidelines and Definitions

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What you should know before taking a Houston Mortgage or a Home Loan in Texas

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Houston Mortgage Guidelines and Definitions

  1. 1. Houston Mortgage Guidelines<br />Helpful Tips and Definition of Terms<br />
  2. 2. Mortgage<br />
  3. 3. A loan secured by a house/property and paid in instalments on an agreed period. <br /> The largest financial obligation that homeowner has ever made.<br />What is Mortgage?<br />Lending2All.com – The Leading Firm For Mortgage and Home Loans In Texas, USA <br />
  4. 4. Defining of Terms<br />Lending2All.com – The Leading Firm For Mortgage and Home Loans In Texas, USA <br />
  5. 5. pertains to the length of time you will pay off in full the loan<br />Terms<br />Lending2All.com – The Leading Firm For Mortgage and Home Loans In Texas, USA <br />
  6. 6. the interest rate. The amount of money charge by the lender for providing the loan<br />Rate <br />Lending2All.com – The Leading Firm For Mortgage and Home Loans In Texas, USA <br />
  7. 7. Costs<br /> closing costs added into every mortgage. It includes all the fees associated with mortgage<br />
  8. 8. Finding a qualified mortgage broker that can work with you and help you in the process is the first thing you need to do.<br />Mortgage brokers should look for an excellent bank in Houston area. <br />If you are shopping for rates online, there are excellent platforms online that can help you find good rates. <br />Good Mortgage Rates in Houston<br />
  9. 9. Floating vs. fixed Interest rates <br />
  10. 10. Floating Rates <br />Also known as Adjustable rate mortgages which is considered as a ideal solution for some but a great risk for others. With these rates your monthly payment of mortgage is identified by that month interest rates. <br />Lending2All.com – The Leading Firm For Mortgage and Home Loans In Texas, USA <br />
  11. 11. Fixed Interest Rates<br />For first time buyer of houses or for those who intend to live in their house for a shorter period of time and then resell, this interest rates is suited for you. <br />Lending2All.com – The Leading Firm For Mortgage and Home Loans In Texas, USA <br />
  12. 12. Pre – payment option<br />Lending2All.com – The Leading Firm For Mortgage and Home Loans In Texas, USA <br />
  13. 13. Step 1 : Pay an extra amount on the principal of the loan each month. <br />Step 2: Make an added payment in full once a year.<br />Step 3: Put excess money available back into the home.<br />Steps in Pre-payment <br />Lending2All.com – The Leading Firm For Mortgage and Home Loans In Texas, USA <br />
  14. 14. Offers the homeowner the chance to pay only the interest of the home for the first few years of loan repaying. <br />Interest Only Mortgages<br />Lending2All.com – The Leading Firm For Mortgage and Home Loans In Texas, USA <br />
  15. 15. Important points <br />If you're planning on purchasing a Houston home and plan on availing a mortgage, it is extremely essential that you have good credit. <br />If you intend to buy a Houston home it is best to ask the help of an expert. You can visit www.Lending2All.com for more information and assistance. <br />Lending2All.com – The Leading Firm For Mortgage and Home Loans In Texas, USA <br />
  16. 16. Network Funding LPis a Leading Firm for Mortgage Loans & Home Refinance, based in Houston, TX<br />Contact Us Today To Get The Best Mortgage Rates:http://www.Lending2All.com<br />

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