Lerette Lending

Buying a home is usually the largest investment a family will make in their lifetime. Having a clear and concise plan and understanding of the process is critical. Here we will cover the steps and process of buying a home as well as provide some additional insight, tips, and tricks to ensure you have a pleasant home buying experience.

Refinance and take advantage of your home's equity to get cash back at closing to use where you need. Take advantage of incredibly low home loan rates to pay off higher interest debt with a cash out refinance home loan. A mortgage is generally the largest debt most homeowners have to manage. It's a good idea to give your personal real estate finance portfolio a check-up at least once a year.

A Conventional Home Loan, technically, is any home loan that is not guaranteed by the US Government, such as a VA Home Loan, FHA Home Loan, or USDA Home Loan.

More often than not though, a Conventional Home Loan is referred to as a Conforming Home Loan, which is home loans that conform to the guidelines set forth by Freddie Mac and Fannie Mae, which are the two government-sponsored enterprises (GSEs) that provide liquidity for the Conforming Home Loan mortgage market.Conventional Home Loans can include mortgages include portfolio loans, construction loans, and even subprime loans.

VA loans, guaranteed by the Veterans Administration, is the preferred loan program for families of active duty military members and veterans of the armed forces. Undoubtingly, one of the main reasons for its popularity is due to its 100% financing without the need for costly mortgage insurance, unlike other home loan programs.

FHA's mission-driven organization encourages home ownership and provides affordable Florida home loan options with low down payments and flexible credit requirements down to 550 FICO scores.

Since 1934, FHA has insured millions of home mortgages in Florida and throughout the US and is a great tool for first-time home buyers to get into a home with little out of pocket with low down payment options and flexible guidelines that allow a seller to contribute up to 6% of the purchase price towards a buyers closing cost practically eliminating any closing cost to the buyer.