Low Down Payments
Mortgage insurance is sometimes required by mortgage investors to minimize investor losses if an Albuquerque home owner were to default on his home loan payments. Albuquerque residents who place a low down payment on their home loan are most often required to obtain mortgage insurance. The cost of mortgage insurance is the responsibility of the Albuquerque homeowner and Albuquerque Lending & Realty works directly with the mortgage insurers to make certain all parties involved in the home loan are continually satisfied. At Albuquerque Lending & Realty we offer private mortgage insurance. Private mortgage insurance typically covers between 20% and 30% of the home loan amount and private mortgage insurance does not place a limit on the home loan amount. Your Albuquerque home loan professional at Albuquerque Lending & Realty will assist you in suggesting and deciding which insurance best meets your needs.
We Help First Time Home Buyers
First time home buyers often find themselves overwhelmed by the mortgage process when purchasing their first Albuquerque home. This is why at Albuquerque Lending & Realty we offer special mortgage programs to first time buyers. These programs usually offer lower interest rates, lower down payments, or reduced taxes. These special loan programs combined with the guidance of our experienced Albuquerque mortgage lenders at Albuquerque Lending & Realty will make your first home buying experience effortless.
Albuquerque Real Estate Information
At Albuquerque Lending & Realty we offer real estate information in Albuquerque and many nearby cities. Below is a brief list of some key areas where we offer our services, please browse through the information given about the areas to help guide you in finding a great location. If the area you are currently searching for is not listed below, then please contact one of our mortgage and real estate professionals today at 505.250.8171.
