The mortgage industry offers a variety
of loan programs suitable for a wide range of borrowers.
Not exact matches
Depending on your answers to the above questions, the flowchart might recommend a conforming
loan with private mortgage insurance (PMI); or a jumbo mortgage that allows for
loan sizes in excess
of your local
loan limits; or some different
program which may be more
suitable.
Your possibilities as regards to
loan amount and repayment
program length will be limited and you will need to show proof
of a
suitable income for affording the monthly payments and other expenses without sacrifices in order to get approved.
Arguably, the most
suitable way to clear student
loan debts is to sign up to one
of the forgiveness
programs that the federal governments offer students who have been educated with the aid
of federal
loans.