Here are a few of way to buy a house, from cash, seller financing and getting a mortgage. A few are the fix, adjustable bridge loans.
Here are a few ways to buy a house, from cash, seller financing and getting a mortgage.
Thinking of Buying or Selling, Call me at (909) 226-3551
In this article, I will talk a little about the different types of loans you can use to buy a house.
The first is the fix or conventional loan
These loans are set at a fix interest rate for a period of time, usually for 10, 15, 20, 30 and up to 40 years.
Then there are the adjustable loans that start at a lower rate and may increase based on whatever index it is tried to.
The adjustable loan will normally have a rate cap, which is the highest the rate the loan can go.
There are Pro and Cons to each of these types of home loans, depending on what your plans are.
Then there is the bridge loan
Call or text (909) 226-3551 to set an appointment or to ask a real estate question
This is a loan that can be used as a short-term loan.
This type of loan can be used to buy a house while waiting to sell a house or whatever you need to do to pay off the bridge loan.
If you need more information or like to set an appointment with me to go over your real estate questions or to go over your real estate plans go you can text me at (909) 226-3551
Steve Olmos
Selling real estate in Southern California since 1980
