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To purchase a home, most people will need a mortgage. Check with your bank and see if they can approve you and what kind of rate they offer. Your personal bank is the best starting point since you already have a relationship with them.

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12y ago

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Related Questions

Can you get a 5-year mortgage for a new home purchase?

Yes, you can get a 5-year mortgage for a new home purchase.


What is second home mortgage?

A second home mortgage is a loan that you take to purchase your second home.


Where could one get a mortgage loan for a home purchase?

One could get a mortgage loan for a home purchase at physical banks such as Wells Fargo, Chase, and U.S. Bank. One could also get this type of loan at an online site such as "Greenlightloans".


What is the minimum mortgage deposit required to purchase a home?

The minimum mortgage deposit required to purchase a home is typically around 5 to 20 of the home's purchase price. This amount can vary depending on the lender and the type of mortgage loan.


What is a home mortgage?

A home mortgage is a loan that is secured by property through the use of a mortgage note that ultimately grants you a mortgage for your home. You can obtain financing on the purchase of your new home or any home.


Where might one request a home mortgage loan quote?

A free and personalized home mortgage loan quote can be requested from any online mortgage company of your choice. Quotes are free and there is no obligation to purchase.


What is a loan for the purchase of a home called?

mortgage


What is a mortgage loan used for?

A mortgage loan is used to purchase real estate, usually a home.


What type of debt is a mortgage?

A mortgage is a type of debt that is used to finance the purchase of a home or property.


What is the difference between let to buy and buy to let mortgage?

A buy to let mortgage is a mortgage generally for landlords, who wish to purchase a rental property for extra income. A let to buy mortgage is for individuals who rent out their existing home so that they can purchase a new family home. This type of mortgage is useful if the individuals are struggling with the purchase chain.


What is the typical mortgage deposit required when purchasing a home?

The typical mortgage deposit required when purchasing a home is around 20 of the home's purchase price.


How can you purchase a home with a reverse mortgage?

Yes, the FHA HECM purchase program is available for purchase transactions.