There are always questions that arise when you’re considering buying a home – let us help you find the answers.
Purchase Center – About Buying a Home
Now that you’ve decided to buy a home, the real work begins. For many homebuyers, there are so many questions that come to mind: Where do I start? How much house can I afford? How do I find a good realtor? Is this going to be difficult? If you find yourself asking these kinds of questions, you’re not alone. We’ve developed our website to help you answer all these questions and more.
As recently as five years ago, financing your home purchase was relatively simple. Most institutions only offered three or four standard loans so the only thing you had to decide on was, whether you wanted a 15-year mortgage or a 30-year mortgage. Today, however, it’s not that easy.
While those loans are still common, there are so many more options available to consumers. Adjustable-rate mortgages (ARMs) typically have rates that are up to 3% lower than a traditional 30-year mortgage. You can even get 10, 20, or even 40-year mortgages! Interest-only mortgages are also now available. Gone are the days when you had to put 10% to 20% down on your home purchase – under certain conditions you can even buy a home for zero down-payment. There are dozens of special programs available to potential homebuyers, some lasting only a month or two.
With all of these new variations in mortgage loans, financing, and assistance programs, it’s more important than ever to seek the help of a professional.
A good consultant will do more than just find a mortgage loan, they’ll guide you through the process, help to resolve any concerns before they become problems, educate you, keep you informed, and give you options and advice as to which loan program is right for your specific needs.
At Orion Mortgage, our professional mortgage consultants are prepared to be your guide through the complex world of home financing.
We’re here to help you make an informed decision that works for you.
Take a look at our Flowchart of Mortgages, and our helpful guide to getting a mortgage in today’s economy.