Found 1 blog entry tagged as Types of Mortgages.

Types of MortgagesHave you decided 2015 is your year to become a homeowner? Mortgage rates are at the lowest they’ve been since June 2013 and we can help you find the option that works best for you. Our North County real estate, family-owned business has led people to the home of their dreams since 1982. There are several different mortgage options to choose from if you are considering buying a new home. Below are the types and rates of mortgages available as of January 14, 2015.

Conforming Mortgage

There hasn’t been a change to loan limits backed by Fannie Mae or Freddie Mac since 2006 and conforming loan limits remain unchanged for 2015. These two associations are legally restricted to purchase single-family mortgages with origination balances below a certain…

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