Strategies to purchase a mortgage – What? Yes, there are ways for most of us to be able to capitalize and get the most out of our purchasing of a home with a mortgage loan.
In general, there are three types of buyers, the first-time home buyer, the season buyer or those have purchase before and then we have our real estate investors.
There are two main reasons for a mortgage loan. A refinance loan, which can be broken down into about half a dozen sub categories, and the more common mortgage loan, used to purchase real estate. This can also be broken down further, into numerous sections.
One section which appears in both refinance and a straight forward purchase loans is the ‘Purchase-Money Mortgage’.