What can I do when logged in?

You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...

SpinDistribute.com Article Directory

The following article was published in our article directory on December 9, 2013.
Learn more about SpinDistribute Article Distribution System.

Home Loans and Your New Home

Article Category: Real Estate

Author Name: Dan Rawitch

If you are looking into buying a new home, chances are you're going to need a home loan. Home loans are essential to every aspiring home owner; it serves as a bridge for the buyer to be able to afford the house of his/her dreams.

What are home loans anyway?

Home loans are money that can be borrowed from a bank to help a person buy his/her house. Usually, home loans are the biggest kind of loan that most people will ever take. Home buyers should be very careful in choosing a home loan, the house that they will buy can be repossessed by the bank if they cannot pay the required payments for the home loan. In other loans however, there is no explicit collateral that can be collected by the lender.
Like any other loan, home loans also have interest rates. This can be either a fixed rate or a floating rate, they also have a length of the loan wherein how much time you have to pay for the mortgage. Home loans also have other costs aside from the repayments itself.

Where can I get a home loan?

The most common and traditional lenders are banks. You can apply at the bank where you already have account with, or you can search for other banks that offer better interest rates and options for your mortgage. If you don't have the luxury to search other banks, a mortgage broker might be of use to you. The broker will seek out and identify the banks that have the best possible terms that suits your needs. Other sources of mortgages are also available such as credit unions and even some government agencies offer home loans.

How does payment work?

In order for you to acquire the home loan, lenders require down payments. Some lenders only require down payments as little as 3 to 6 percent but larger down payments means the less you have to pay for the loan much later on. There is no limit in paying down payments although the traditional requirement for most of the lenders is 20%. If you can afford to pay a bigger lump sum of money for the down payment then do so as it will help lessen the financial load when the bills start rolling in the long run and help save a bit of money on the side.

What is the difference between fixed and variable rates?

Fixed rates means that you can lock in a fixed interest rate that you will pay for a period of time, while variable rates let the lender decide how much the interest rate will be based on the numbers coming from the housing market. Variable rates are riskier loan options but they can be very rewarding sometimes, especially when the interest rates are set low.

Knowledge about home loans give you an advantage as well as defense from being bankrupt in the future. Carefully considering all options will keep your house safe from being repossessed in the long run.

Keywords: Buy a home, first time homebuyer,mortgage,mortgages,learn about mortgages,mortgage rates,Los Angeles mortgage rates,Facts about mortgages,qualify for a mortgage,do I qualify for a mortgage,how to get a home loan,home loans

Learn more about SpinDistribute Article Distribution System. We also offer a Pro Article Writing Service to everyone who needs premium quality well-researched articles.

SpinDistribute.com Network

Each article you submit at SpinDistribute.com is sent through our innovative Article Distribution System to our network of more than 1840 publishers - about 55% of them are high-quality article directories, 30% of them are niche blogs and 15% of them are other content-rich websites.

To achieve the best possible success we only publish your article to most related websites. This means your article will show up on approximately 640 - 880 most related websites which will give you great SEO results.

We also offer a separate Professional Article Writing Service to everyone who's looking for high quality web content and well researched unique articles.