Fixed or adjustable? Points or no points? Rate lock or not? Thirty years or 15? No down, low down or more down?
These are just a few of the myriad questions a home buyer faces when shopping for a mortgage, one of the most critical and confusing steps to homeownership.
But help is at hand. Bring your questions about any aspect of home-loan borrowing--lending terms, shopping, qualifying, credit--to The Times Home Buyers and Sellers Fair on Saturday, April 22, at the Los Angeles Convention Center, 1201 S. Figueroa St. The fair runs from 9:30 a.m. to 4:30 p.m.
The sixth annual consumer education event will feature panel discussions on mortgage borrowing--and opportunities to meet one-on-one with loan representatives from private lenders and a host of state and federal agencies, including the California Housing Finance Agency, CalVet, FHA and VA.
And Fannie Mae, the largest company in the secondary mortgage market, will sponsor a special hour-and-a-half seminar for prospective home buyers interested in sources of low-down home loans.
For further details, call TimesLine at 808-8463 star 9420, or see the ad on K4.