Families in Ouachita LA should consider getting a mortgage loan from Sun Mortgage Funding. Ouachita has a large number of families and other households. The citizens of this parish who are considering purchasing a home should consider one of Sun Mortgage’s loans. There are several different types of loans available. This company would be especially helpful for young families who are planning on purchasing their first home.
Sun Mortgage is licensed to provide FHA Loans. These loans make it easier for low-income people to afford a home. This company will welcome people regardless of their credit history and attempt to help them get the financing they need. Sun Mortgage will take care of all the paperwork required for filing a mortgage loan. They can help people who need either a first or second mortgage.
Mortgages are not the only type of loan this company can provide. They can also provide loans to help homeowners renovate or improve their homes. These types of loans are helpful because the work done using the money can help improve the value of the home.
For customers with mortgages from another company, Sun Mortgage offers refinancing. Refinancing allows a customer to switch his/her existing mortgage for a new one. This can help reduce monthly payments and lower interest rates. Refinancing can also be used to combine multiple mortgages into a single mortgage.
Another loan choice which is good for young families is the Rural Development Loan. This type of loan is geared toward increasing the population of rural America. It can be used to purchase either a new or existing home. There are guidelines about the type of home which can be purchased which must be followed. These loans are guaranteed by the government and this type of loan is one of the most flexible available today.
This mortgage lender also provides loans geared toward multi-family unit properties. These loans are specifically for properties with more than one but less than five dwellings. Any properties with more than five dwellings are considered commercial. Before investing in this type of property, a buyer should consider potential problems. These include maintenance, problems with tenants, and collecting monthly payments. Investors who are interested in this opportunity should make sure to consult the lending company. They should also consider all the potential drawbacks and problems before investing in this type of properties. Sun Mortgage can provide advice for investors on this issue, see http://www.sunmortgagefunding.com for contact information.