An important part of buying a
property is obtaining a loan. Unless you have the cash on hand, you
will need to obtain a loan to purchase a house. We suggest that you
get pre-approved before looking at even one house. Being pre-approved
will greatly be to your advantage when you make an offer or begin
negotiating.
BlueMortgage.com provides extensive information and can help you
through all phases of the loan process. Sections that you will find
useful include the following:
Choosing A Mortgage Program
The right type of mortgage for you depends on many different
factors. Here you can view the many different
Loan Programs available to you to see what best fits your needs.
FHA Loans
As a division of the Department of Housing and Urban Development
the FHA's main activity is the insuring of residential mortgage loans
( FHA Loans ) made by private lenders. FHA also sets standards for
underwriting mortgages.
VA Loans
VA loans are long-term, low- or no-down payment loans guaranteed
by the Department of Veterans Affairs. Restricted to individuals
qualified by military service or other entitlements.
Interest Rates
BlueMortgage's Interest Rate empowers you to make an informed mortgage
decision.
Mortgage Calculators
BlueMortgage's Interactive Calculators can figure out payments, amortize loans,
calculate ratios, and compare living costs.
Prequalification Wizard
When you decide to buy
a new home or refinance your existing mortgage you must submit a
mortgage application. One of the first steps involves a
pre-qualification, which includes calculations regarding loan
underwriting guidelines
Commercial Loans
Commercial Loan Financing is underwritten on a case by case basis.
Every loan application is unique and evaluated on its own merits, but
there are a few common criteria lenders look for in commercial loan
packages. This section explains the criteria.
Down Payment
What makes low Down Payment loans possible? Click here to
find out.
