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Choosing a Mortgage Term: 15 Years, 30 Years or Another Plan
Compare required payments, remaining balances, extra principal and rate buydowns before choosing a mortgage repayment term.
THE ECHL BLOG
Loan options
Compare mortgage structures and the eligibility questions behind them.
Looking for the essential steps? Start with our buyer and homeowner guides.
14 articles · Page 1 of 2
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Bank Statement Mortgages: What the Lender Needs to Understand
Learn how alternative income documentation is reviewed and which questions to ask before comparing a bank statement mortgage.
Loan options · California
California Loan Limits: Find the Right County and Program
Use the correct year, county, unit count and mortgage program to distinguish conforming, high-balance, FHA and jumbo financing.
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Choose a Mortgage by Answering Four Questions
Separate loan program, loan size, rate structure and repayment term so you can compare the features that actually affect your purchase.
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Conventional Mortgages: From Program Rules to an Actual Offer
Understand conforming eligibility, low down payment options, PMI and the questions that make a conventional loan comparison useful.
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FHA or Conventional: Compare the Whole Loan
Compare eligibility, down payment, mortgage insurance and property requirements before choosing FHA or conventional financing.
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Fixed or Adjustable Rate: Read the Whole Payment Path
Learn ARM notation, indexes, margins, caps and reset dates alongside the budgeting tradeoffs of a fixed mortgage rate.
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Home Loan or Mortgage? The Terms That Actually Matter
Clarify common home-financing terms and compare collateral, loan purpose, rate structure and repayment instead of marketing labels.
Loan options · California
Jumbo or Conforming in California: Compare the Financing Plan
Check the actual loan amount, reserves and lender terms when a California purchase sits near the conforming boundary.
Loan options · California
Financing a Manufactured Home in California
Identify the home’s title, land arrangement and property eligibility before comparing a mortgage with a loan secured only by the home.
Loan options · California
California Renovation Mortgages: Match the Loan to the Work
Compare Limited and Standard FHA 203(k) with HomeStyle while planning contractor review, project costs and controlled disbursements.
Loan options · California
USDA Direct or Guaranteed: Choose the Correct Application Path
Understand who funds each USDA program, how income and area limits differ and what to check before applying for a Direct loan.