Brighter times have been a long time in coming, but it looks like the economy is starting to move along a decent rate throughout Louisiana and people that have been sitting on the sidelines and waiting for a chance to get into the game are now looking at buying homes again.
East Baton Rouge LA is one community where home prices are on the uptick and families are looking to buy into the neighborhood.
If you are considering buying a home in the near future and you wonder when it is a good time to start talking about financing, you should consider talking to the folks at Sun Mortgage Funding.
Sun Mortgage Funding is one of the leading mortgage loan brokers in the state- and it has been successful because they value the client relationship. They know that you might not be absolutely ready to buy when you first contact them and they will work with you to get to that point so that you can focus on finding the home that you want.
One of the most popular offerings that Sun has right now as a mortgage lender is the FHA Loan. FHA Loans are loans that are insured by the Federal Housing Administration on behalf of people that are not always going to qualify for private mortgage insurance. By stepping in and helping people at this stage of their lives, it usually means that you can buy a home 3 or 4 years earlier than you could if you tried to get a mortgage that came with private mortgage insurance.
Although the FHA does not write its own loans, it does specify the precise type of loan that it will guarantee, which makes it easy to determine the type of loan that you will be able to get as an option. As with other loans, you can pre-qualify for a certain amount by working with Sun to figure out how much that amount will be and getting the documentation approved before you go out shopping for homes.
It is often much nicer to go out and know what you can afford. One of the popular options that you can arrange for currently by working with Sun Mortgage Funding is the 30 year fixed rate loan. As interest rates are very low this year, it makes sense for many people to try and lock those in for the entire time that they will be paying off their house.
So if you are in the market for a home, please visit their website at http://www.sunmortgagefunding.com/. It will be a solid first step to landing your dreamhome.