Secure Your Dream Home with the Best Home Loan Options

Quick home loans to help you fulfill your dreams

Looking forward to be the owner of your dream house? Wait no further and get in touch with our experts for quick and easy home loan. With a simple online application and minimum paper work, you can get your online home loan approved within hours. The loan can be availed for both buying a new house and refinancing the house.

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Money Magnet Loans products

Our company offers a range of products to suit the mortgage needs of the customers. These are also custom designed to fulfill their requirements. From low down payments to flexible credit terms, we provide best products to the well qualified customers.

  • We help professionals who are medical physicians, dentist, oral surgeon, optometrist, veterinarian or certified registered nurse anesthetist who have completed their course and are in residency, in practice or fellowship to leverage future income for purchasing a house in the present.
  • We offer affordable mortgage making homeownership straightforward and simple. The customers can enjoy low down payments and flexible credit terms. This benefit is best for those low-to-moderate borrowers who might not qualify for other loan options. This advantage is only available in selected markets.
  • We also provide products for hard-to-finance condominiums.
  • Those who are looking for quick construction loans can quickly get in touch with us.
  • We offer adjustable housing interest rates, fixed rate and balloon loans for those who find it hard to qualify for other loans. The customers can also check out the 5 year mortgage rates to grab the best deals.
FAQ

FAQ

Frequently Asked Questions About Home Loans

A home loan, also known as a mortgage, is a type of loan that allows you to purchase a home by borrowing money from a lender. You repay the loan over time, typically with interest.

What is a home loan?
Home Loans are basically house mortgage loans that help you purchase a house or refinance it by borrowing money from a lender. This loan needs to be paid back in a certain time period along with a pre-decided rate of interest.
What are the different types of home loans available?
To fulfill the needs of the customers and help people from all ways of life, we offer different types of loans. These are fixed rate mortgages, jumbo loans, adjustable rate mortgages, FHA loans, USDA loans, VA Loans, etc. Each loan has different features and the eligibility requirements also differ.
What is the difference between a fixed-rate and an adjustable-rate mortgage (ARM)?
The fixed rate mortgage as the name suggests has a fixed interest rate for the loan term. Thus, you can plan your finances and pay the monthly installment with ease. The adjustable rate mortgage has a variable interest rate. It is generally low initially but may rise in the future based on market conditions. The initial installments will be low but you might have to pay high interest rates later.
How do I qualify for a Home loan?
You need to have a stable income, good credit score and the eligibility requirements set by the lender to qualify for home loan. A few other factors like debt-to-income ratio, down payment amount and employment history also play a role.