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Erie, Pennsylvania - Loans Real Estate search results Premier Listings

Northwest Bank
Where People Make the Difference.
Navy Federal Credit Union
We Serve Where You Serve.
First National Bank
First National Bank
 
Loans Real Estate Terms to Know

Many people dream of one day owning a house, and real estate loans can help realize those dreams. Real estate loans help finance a house when the buyers do not have enough money to it all directly. However, the loan will have to be paid back with interest to the finance institution. For first time home buyers this process can be a little intimidating, so some basic terms are listed below to help buyers.

  • Mortgage – A mortgage is the result of the loan from the bank. It is a legal document that states that the lender, which in most cases is the bank, owns the property until the homeowner has repaid the loan in full. There are different kinds of mortgages, such as 15 year, 30 year and fixed rate mortgages. These mortgages are classified by the time it will take to pay them back as well as the interest rate.
  • Refinance – For lending institutions this is similar to a second mortgage, though refinancing can be used for anything. It involves paying off the original loan, the mortgage, by getting another loan using the same property, the house, as collateral.
  • Equity – The amount a home is worth. Home buyers will not be able to get loans for more than the total equity of their home, especially in a bad housing market where housing prices are irregular.
  • Short Sale – A transaction where the final total amount will be short of the amount of money that the lending institution originally paid for the house. Home buyers can usually get great deals on short sales.
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    Lendingtree, Llc
    Make sure you're able to move forward in life and obtain the vital real estate loan your family needs. Be able to purchase that home you've always wanted with our real estate loans in the Erie area.
    (1) Review Write a review
     
    User Review: "I have prefered to use the lendingtree.Com for the housing loan because they are faster and easy to use, they have good..."
    Pa Mortgage Service
    Altoona, PA 00000
    Let our local Erie area financial experts assist you with your real estate loans and mortgage contracts. Specializing in all of the real estate contracts you need to process the purchase or sale of your property.
    National Association of Mortgage Professionals
    Dallas, TX 75234
    We help you determine the right loan for your real estate loan needs. Our professional real estate loans will help you with your home loan, estate loan, and other financial needs.
    Ginnie Mae
    Washington, DC 20410
    If you're looking for more information on how to find the best real estate loan or mortgage service provider in your area, find out from our association. Providing listings of government and independent loan services.
    Home Loan Center.com
    Irvine, CA 92618
    Our real estate loans specialists in the local Erie area are the most experienced and dedicated to your satisfaction. Providing the highest level of service to show you the right way to get that loan.
    Ntl Home Equity Mortgage Assoc
    Washington, DC 20004
    Get advice and assistance in dealing with real estate loans in the local Erie area from our experienced financial professionals. We specialize in assisting with real estate loan terms, repayments, and mortgages.
    Suntrust Mortgage
    Clark, NJ 07066
    Our local Erie area real estate loans specialists make sure you have the resources to get and pay back your loan. Let our real estate loans agents help you find the perfect loan terms and repayment plan.
    (3) Reviews Write a review
     
    User Review: "The all staff members are very good and the nature of all of one is very nice" - peter (CA)
     
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    Marino Home Team
    8230 East Market Street, Warren, OH 44484
    For exceptional service from an establsiehd residential realty agency and commercial realty agency, contact us at (330) 367-5979 in Warren, OH.For exceptional service from an establsiehd residential r
    (330) 367-5979
    Bank of America
    10 Fountain Plz Ste 1, Buffalo, NY 14202
    (1) Review Write a review
    (800) 432-1000
     
    User Review: "Bank of america is the trusted bank all over the world and it takes part in helping the angolan people giving them housing..." - Teresa (AK)
    First Ohio Closing Services
    P.o. Box, Cleveland, OH 44128
    We are a team of knowledgeable, experienced loan closing professionals that are dedicated to closing your loans according to you or your customers instructions.
    (216) 401-9976
    Marquette Saving Bank
    920 Peach St, Erie, PA 16501
    (814) 455-4481
    Amerisave Mortgage Corporation
    1001 State St Ste 1400, Erie, PA 16501
    (814) 480-5714
    Erie Federal Credit Union
    518 State St, Erie, PA 16501
    (814) 825-2436
    Erie Federal Credit Union
    1005 Greengarden Rd, Erie, PA 16501
    (814) 825-2436
    New American Mortgage
    1001 State St, Erie, PA 16501
    (814) 480-5726
    Pnc Mortgage
    901 State St, Erie, PA 16501
    (814) 456-2795
    Marquette Saving Bank
    3404 Liberty St, Erie, PA 16508
    (814) 864-4941
    Erie Federal Credit Union
    1109 E 38th St, Erie, PA 16504
    (814) 825-2436
    Springleaf Financial Services
    6 Millcreek Sq, Erie, PA 16565
    (814) 866-8045
    Huntington Bank
    2185 W 12th St, Erie, PA 16505
    (814) 456-7794
    F N B Consumer Discount Company
    2501 W 12th St, Erie, PA 16505
    (814) 833-3132
    Marquette Saving Bank
    2304 W 12th St, Erie, PA 16505
    (814) 459-2005


    Banks loan money to those looking to purchase a commercial, farm property or piece real estate. It's unlikely that a person or private investor can immediately pay cash for a land and building. Lenders provide the finances to help you buy or refinance the property. Different lending procedures apply to different purchases. For instance, if you're purchasing a mobile home that sits on leased land, the loan terms will be different for those purchasing a new house. Construction lending involves payments split up during the construction of the house. Money is drawn upon as needed. Repayment begins after the construction is finished and you move in. Farm lending usually covers the cost of the property, animals, equipment and even the feed. Refinancing is done after you've already bought real estate. After purchasing a home or business, you make monthly payments. Those payments cover the interest and a small portion of the principal. The more principal you've paid, the lower your mortgage amount. The money that's paid off becomes equity. Sub-prime lending is performed when a purchaser's credit history is limited or poor. It is established as a means to helping couples with little credit history or no money. Loans are given for down payments so that more can become homeowners. Carefully discuss the risks. Often, interest rates end up being much higher, especially if you take out an adjustable mortgage. Some states offer grants to new homeowners. These grants can help reduce the amount of money you must initially borrow for a purchase. Rates and terms vary between private and commercial lenders. Call a real estate loan professional to ask about current interest rates and restrictions.
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