Soraya Joud

 Buying a home is a dream for many, but once you are done with the financial planning you are good to move to your new build or bought home. The financing process for buying a house can be a little overwhelming but when you witness the outcome, every risk seems worth taking. And to make your moving experience better and tension-free, you must choose a mortgage loan type that suits you best. So here are the 5 main types of mortgages that you can opt for an easier home buying process:   1. Conventional mortgage A conventional mortgage is sponsored by a private lender without any interference from the government. The deal entirely is handled between the lender and the borrower. Further, this conventional mortgage is classified into conforming and non-conforming. Conforming loans follow certain terms and conditions and GSE guidelines whereas non-conforming is without any GSE guidelines. 2. Jumbo mortgage As of 2021, the maximum loan limit a single-family home can obtain is $548,250 in mos

Home buying is indeed a daunting and long process. This is one of the major reasons why people do not engage in property purchases. It compliments with itself the stress of handling. The more one delays home buying, the more issues get attached in the route. So it really does not matter if you are after the tax credit program or not, it is imperative to buy homes in the shortest period of time to avoid delays.   This will benefit you in the following ways: This will shorten the hustling period and save your time. You can save your efforts and energy. Fastening the home buying process if you have escrow services will reduce the cost of buying. You will get more time in adjusting to the new place with your family. One might not think that they need a quick home buying but this will prove to be really helpful. And for the ones who already have a time constraint, these tips will be a game-changer for you. Following are some tips you can consider to quicken your home buying experience: Prep