BRIK Home Loans | Blog

Types of Home Loans and Special Considerations: Benefits You May Be Qualified For

Posted by Andy Brikho on June 12, 2018

Mortgages can be challenging to get approved for if your financial profile is not as pristine as it could be, but there are different types of home loans and mortgage assistance programs that can help. Conventional lenders typically prefer to deal with borrowers who have stellar credit, have a sizable amount of money to use for a down payment and earn a good income. Those who don't meet the stringent criteria of conventional lenders, like having less-than-perfect credit, may have a harder time getting approved for the mortgage loan they need to buy a home.


Topics: Mortgage Types, Types of Home Loans

Homebuying 101: Saving for a Down Payment For A Mortgage

Posted by Andy Brikho on June 7, 2018

If buying a home is on your radar, you're probably excited to get the process started and are ready to start pounding the pavement in search of a home. But as much as you'd like to start looking at homes and even putting in an offer on a property that you fall in love with, you'll also need to take a good hard look at your finances. After all, buying a home is a huge financial investment and is one that first-time home buyers need to take into careful consideration.


Topics: Mortgage Process, Mortgage Types, Down Payment, Saving For A Down Payment

What Type of Mortgage is Right For You?

Posted by Andy Brikho on May 14, 2018
Buying a home is a huge investment that typically requires a mortgage to finance. But with so many different mortgage options available, how do first-time home buyers pick just one? How do you know which mortgage loan options are best for you?

Topics: Mortgage Process, Mortgage Types

VIDEO - How Can I Help - Today is The Day to Talk

Posted by Andy Brikho on May 7, 2018

Mortgage rates are still at historically low levels. If you're on the fence about refinancing or buying a new home, now would be the time to act. We definitely recommend starting the pre-approval process today!


Topics: Insider, Mortgage Types, Mortgage Rates, Refinance

What is an Adjustable Rate Mortgage (ARM)?

Posted by Andy Brikho on April 23, 2018

If you're buying a home in the near future, you're likely going to have to apply for a home loan to finance such a large purchase. While there are several types of mortgage programs available for you to choose from, a major decision to make is whether to lock in your interest rate or choose a mortgage with an adjustable rate so your monthly payment can adjust depending on the situation.


Topics: ARM, Mortgage Types