A Layman’s Guide To Mortgages by the private mortgage lenders of San Antonio

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A Laymans Guide To Mortgages

• By the private mortgage lenders of San Antonio

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• Whether youre looking to buy a property or
  renovate one, youve probably heard about
  mortgages especially how they can increase your
  buying power. However, as someone whos about to
  spend their entire life savings, you might be a
  bit skeptical about the idea. Dont worry if
  managed properly, mortgages are quite safe.
• Nevertheless, you shouldnt invest in something
  you dont know about. So, lets educate ourselves
  with this simple guide from the most prominent
  private mortgage lenders in San Antonio.

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Guide By Private Mortgage lenders in San Antonio
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• Mortgages are long-term asset-based bridge loans
  used for real estate ventures. The typical
  loaning term for mortgages ranges from 20 to 30
  years.
• Mortgages are heavily regulated by the government
  and subject to the rules laid out by the
  Dodd-Frank Act. This is true regardless of
  whether you get a loan from banks or private
  mortgage lenders in San Antonio.
• Mortgages are mostly used to either purchase or
  renovate primary residences. However, theyre
  also used, in a lesser capacity, for investment
  purposes.
• Mortgages do require an initial down payment,
  which can range from 5 to 20 percent of the
  property value. As for the interest rate of
  mortgages, they can vary anywhere from 4 to 20
  percent of the loan.
• Lastly, the approval, down payment, interest
  rate, and loaning period are decided based on the
  borrowers credit score.

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• Although mortgages are among the most
  conventional forms of real estate loans, they may
  not be the best choice. This is because nowadays
  many real estate loans are designed for specific
  consumer needs. For a detailed assessment of what
  kind of loan is best suited for your venture,
  call [phone].

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