Mortgage & Bank Financing

Getting a mortgage doesn't have to be a daunting task.

At HLS International Real Estate Services, we believe that knowledge is power and we want all our clients empowered to make good real estate decisions. That's why we give you an easy way to learn about the real estate financing process and your options. To make an educated and right decision in terms of acquiring mortgage, one must:

View recent home sale prices in areas where you're looking
Research schools, demographics, and statistics for potential area
Save a collection of your favorite properties

Learn the Basics of Real Estate Financing

Question & Answers about Real Estate Financing

Contact HLS International Real Estate Services to guide you to lenders with lesser markup. Moreover at HLS International Real Estate Services, we can help you with lengthy job of getting all your paperwork in order. As a consumer, all details of real estate financing must be on your finer tips!

YOU MUST HAVE ANSWERS TO:

How do I qualify for a home loan?
What paperwork is needed?
How long does the process take?
How much down payment I will have to make?
Should I lock my mortgage rate?
When is the best time to refinance?
What if I am turned down for a loan?
How does Islamic Banking work in terms of Mortgage?
Can I make monthly payments comfortably?

SOME COMMON TYPE OF MORTGAGES:

Adjustable Rate Mortgage (ARM): This is a mortgage in which the interest rate is tied to a specific economic index and may adjust at specific times. Overall, your monthly payment may go up or down at intervals specified in the disclosure associated with this type of mortgage, depending on the current interest rate.

Fixed Rate Mortgage (FRM): This is a mortgage with an interest rate that does not change during the entire term of the loan. This means the monthly payments for principal and interest are also fixed for the life of the loan.

Conventional Mortgage: This is mortgage that is not part of a government-housing program, typically has a limit of $322,700, and is not insured by the federal government.

Jumbo Mortgage: This is a mortgage that typically exceeds $322,700 and is not insured by the federal government. These loans usually have higher interest rates.

Government Backed Loans: There are several kind of loans in this criteria. Specifications of all of them differ greatly from one another and is best to contact every establishment separately and judged on its own merit.