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A variety of different types of mortgages are available for people who want to purchase or build a new home. Because there are so many options, it can be difficult to decide which type is best for you.
In most cases, you will be able to decide which type of mortgage is best for you by reviewing your needs and comparing them to the loans available. For example, if you are buying an existing home and you meet all of the requirements established by Fannie Mae, a conventional mortgage is probably the best choice. However, if you want to build a new house based on your specifications, you will need a new construction home loan. To learn more, you need to make an appointment with an experienced loan officer.
Midland Mortgage can help you find the loan that’s right for you. Contact Us today to get started.