There are several types of loan products available today from both large and small lending institutions, as well as, credit unions. There are several types of loan products available today. Your mortgage professional should make suggestions and provide options depending upon your goals and purchasing power.
There is value in having some level of knowledge about what loan types are available. Take some time to research and be prepared to ask questions.
It’s worth noting that not all lending institutions are created equal. Some may not offer a loan product that best fits your needs. Similarly, mortgage professionals are also not created equal, so you will want to make sure you select someone who is a knowledgeable and can get the job done.
Utilize your real estate professional along with recommendations from those you trust when selecting a mortgage professional.