Getting the right type of real estate home loan is an important part of the home buying process. In this section of my web site I have put together some basic information regarding the types of real estate home loans that are common in the market today.

Fixed-rate mortgages – Fixed rate mortgages are mortgages where the interest rate stays the same for the entire term of the loan. The advantage to a fixed rate mortgage is that if you lock a relatively low rate, your payment won’t go up when rates do.

Adjustable-Rate Mortgages - With an adjustable rate mortgage, the rate of the loan can change throughout the term of the loan. The rate of the loan is based on adding points to a fixed base.

Hybrid loans – A hybrid loan combines a fixed period along with an adjustable component. Usually these loans are fixed for a period of time and then the loan becomes adjustable where it is dependant on current rates.

FHA real estate home loans - An FHA loan is a loan in the United States that is insured by the Federal Housing Administration.

If you’d like to receive more information about more specific Fullerton real estate and properties for sale loan programs in Fullerton, Placentia, Brea, Yorba Linda, Anaheim Hills, Villa Park and surrounding Orange, CA areas, then please fill out the following form below or contact me today.