Buying A Home
WARNING: Be cautious of websites that will "shop" your loan through multiple lenders as this may result in multiple "hard pulls" of your credit history which can damage your credit scores and could possibly impair your ability to qualify for the most competitive rate. At ICC Mortgage Services we will provide you with a FREE copy of your credit report from all three (3) bureaus so that you can shop around with multiple lenders without potentially damaging your credit profile.
Buying a home is one of the biggest investments you will ever make. In addition to finding the right home at the right price, you also need to find the right financing.
Whether you are a first-time homebuyer or a seasoned investor, finding the right loan can be a difficult process. Where should you start? What is the right loan for me? Who has the best rates?
Find the Right Loan
The right loan for you will often vary based on your particular situation and your financial goals. There are many loan options available:
Fixed rate loans - Lock in a low fixed rate that is guaranteed to never change. Popular terms include 10, 15, 20, 25, and 30 year loans. Many people do not know that they can obtain a 25 Year loan which has a payment very close to that of a 30 Year loan yet could potentially help the consumer to save over $100,000.00 in interest . The first 5 years of the mortgage loan is where the bank earns most of their interest.
Adjustable rate loans - Flexible loan terms for your short-term goals.
Low down payment loans - Buy property with less than 20% down.
FHA loans -Insured by the Federal Government, FHA loans offer low down payment options and more flexible guidelines than traditional mortgages. As an APPROVED DIRECT ENDORSEMENT LENDER, ICC Mortgage Services offers direct access to FHA Insured Financing without Mortgage Broker Fees that can save you thousands of dollars.
Vacation and investment loans -Loans specialized for the mortgage investor.