In the process of buying a home, you will likely need to utilize what is known as a Purchase Money Loan. This differs from a home equity loan or line of credit or a refinance mortgage. The Purchase Money Loan is based on the mortgage or trust deed you sign when you purchase a home. Nearly all first-time home buyers will take out some type of Purchase Money Loan to finance the home purchase.
Depending on your unique financial situation, there will be certain Purchase Money Loans for which you qualify. You may have a few different options from which to choose. In order to ensure you are selecting the right loan for you, it is important to work with a mortgage loan expert who specializes in Purchase Money Loans.
The Midland Mortgage Corporation team is well-versed in the details and qualifications for these loans and will work closely with you to analyze your situation and find the loan that best matches your needs and goals.Learn more about the following Purchase Money Loan options:
"I just wanted to tell you that it was really a pleasure meeting you today!!! Your professionalism is evident via telephone and email. Upon meeting you I could tell that you are sincere and dedicated to helping me purchase my first home. You made me feel completely comfortable, despite the fact that I was in the process of making, well frankly, one of the most monumental decisions in my life. I can't thank you enough for entertaining all of my questions and concerns - not once did you express annoyance or impatience. "
- Rena
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