Uncomplication Mortgages Explain Three Loan Types
William Hoffman outlines three main mortgage types conventional FHA and VA. Conventional loans dominate most financing with 10 percent down and rates around 8.5 percent. FHA loans require 3 to 20 percent down with insured backing and VA loans offer no set maximum with lender guarantees for qualified veterans.
MENTIONED IN THIS ARTICLE
FHA
Veterans Administration
Real Estate Groups Meet to Discuss New Federal Act
Representatives from real estate related organizations will meet June 26 to study the Real Estate Settlement Procedures Act which becomes effective tomorrow. The event, sponsored by the Real Estate Board of Metropolitan St. Louis, will be at the Colony Motor Hotel in Clayton at 6:30 p.m. Experts from each group will explain the act’s impact on builders, realtors and lenders followed by Q and A. Additional round tables on real estate techniques are set for 1 p.m. and 3:30 p.m. with sessions on open houses, obtaining caller numbers, showing property, buyer objections, creative selling and buyer empathy.
MENTIONED IN THIS ARTICLE
Federal
The
Real Estate Board of
Metropolitan St. Louis
Colony Motor Hotel
Bonhommer Ave
Clayton
Real Estate Board
Home Builders Assoc
Mortgage Bankers Assoc
Savings
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