3 Options for Financing a Home Purchase

A house is the largest single purchase most people will make in their lifetime. Few people have the cash on hand to purchase a home without some type of financing. Consider these three types of financing for your next home purchase.

1. Fixed-rate Mortgage

A fixed mortgage from a mortgage lender Hoboken NJ is the most commonly used financing option for home purchases. These loans are usually for a term of 15 or 30 years. The interest rate and payment stay the same for the life of the loan.

This option is a good choice for people who prefer to …

3 Options for Financing a Home Purchase Read More