Residential Morgage Brokers
A residential home mortgage is a loan designed to help individuals and families finance the purchase or refinance of a primary or secondary residence. This type of mortgage applies to single-family homes, condos, townhomes, or small multi-family properties (up to four units) that are used for personal living purposes.
Borrowers can choose from a range of loan products, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, and conventional loans, depending on their financial goals and qualifications. The property serves as collateral for the loan, and repayment terms typically range from 15 to 30 years.
Residential mortgages are ideal for first-time homebuyers, repeat buyers, or those looking to lower their current interest rate or monthly payment through refinancing.