A home buyer mortgage is a mortgage home purchasers require to purchase real estate. With a home buyer’s mortgage program home owners require to put a minimum down payment of 5-10% of the purchase price of property they are looking to buy (under $1,000,000).
Unlike traditional mortgages, a home equity mortgage allows you to access the cash you need from the existing equity built into your home rather quickly. From the mortgage application stage to the closing of a home equity mortgage, it typically takes between two and five business days to fund.
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Getting A Home Buyer Mortgage Is A Very Simple Process..