| Syd Johnson | | | | such as student loans, mortgages and personal loans |
| There are hundreds of sources for home loans online | | | | can be found through a credit union. If you are eligible |
| and right in your neighborhood. Banks, Credit Unions, | | | | to join a credit union, sign up and set up a savings |
| Mortgage Bankers, Government Agencies and Private | | | | account with small monthly deposits. This way, you |
| Sellers all offer different sources of financing for | | | | can use the resources of the credit union when |
| anyone shopping for a mortgage. | | | | needed. |
| | | | Mortgage Bankers |
| One of the best resources for getting a home loan is | | | | These firms deal exclusively with home loans and give |
| your neighborhood bank. Depending on the length of | | | | you the widest possible selection of home loan |
| your relationship with the bank and the amount you | | | | products. You can find local and national Mortgage |
| have in you checking or savings account, you might be | | | | Bankers by doing a quick search on Google or Yahoo. |
| sent out letters and emails inviting you to apply for a | | | | Go to the website of several different firms, fill out an |
| loan. If you are generally satisfied with the quality of | | | | online application and you can be approved in a few |
| the service that you receive form your bank and they | | | | hours. |
| are offering a great interest rate, don't walk away. | | | | Government Agencies |
| Even if the offer is not quite what you're looking for, | | | | The agencies that lend mortgage money include the |
| walk into the nearest branch, and ask to speak to a | | | | Federal Housing Authority (FHA), Veteran's |
| loan manager. Once you are there, make your case in | | | | Administration (VA) and the Farmers Home |
| person for why you would like a certain loan or feel | | | | Administration (FmHA). Contact each agency directly |
| that you deserve a better interest rate. Most banks, | | | | to see if you meet their requirements. |
| especially the ones in larger cities, are part of a larger | | | | Private Sellers |
| conglomerate or depend on a large conglomerate to | | | | An often overlooked financing alternative is to see if |
| finance items such as a home loan. Go through the | | | | you can lease a property from a homeowner with an |
| process with the loan officer, but don't be surprised if | | | | option to buy later on. If the homeowner has the |
| you don't get an answer on the spot. It might take a | | | | resources, they can also finance your move in with a |
| day or two. | | | | low interest loan. |
| Credit Unions | | | | Check out these resources individually or discuss your |
| Some of the lowest rates on any type of loan product | | | | options with a loan officer. |