| A: Seemingly, there is an ever-increasing variety of mortgage products available for financing a home purchase. This can make choosing the right mortgage a daunting task -- especially for someone who doesn't work in finance as part of their primary job. You need to understand the difference between fixed-rate, adjustable rate, FHA, VA, loans and special loans, plus buy-downs, refinancing, balloon payments and much, much more.
Fortunately, if you are working with a Buyer's Agent, you have someone in your corner to help you. Realtors with the Certified Residential Specialist (CRS) designation and Accredited Buyer Representative (ABR) designation are especially qualified to understand the various options and can help you to shop between lenders to find the best product to meet your needs, dreams, and credit history.
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