The JuanSells.com Realty Co

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When you think about buying a home, you’re probably most excited about touring and finding your dream home. Yes, this is the fun part! But I also want to remind you not to forget about the other parts of the home buying process. One of them is choosing your home loan. I’ve written about this elsewhere (check out Home Purchase Financing or The Home Buying Process), but I’ll remind you here that it’s important to get pre-approved for a home loan as soon as possible, preferably early on in your home buying journey. That way you’ll know your exact budget and be able to look at appropriate homes. If you’re not sure how to find a lender, your buyer’s agent can recommend a trustworthy one.

Below, I’ve tried to make the home buying process a bit easier on you. I explain the different options for choosing your home loan. My hope is that you can formulate a good understanding of home loans in general so that when you meet with a lender, you’ll feel prepared to discuss your options! I’ve listed five different common home loans with basic downpayment and interest information on each. Hopefully this will help jumpstart your home buying experience!