What Type Of Loans Are Buyers Using In The Long Beach Island Real Estate Market

Dated: 01/09/2020

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Long Beach Island Real Estate Buyer Information

Buying a home in the Long Beach Island real estate market is a significant investment. With home prices trending higher, many buyers look to a mortgage to help make the purchase more sustainable. There are many different types of loans available in the LBI real estate market, and here we will discuss some of the most common I see utilized. I should preface this post by pointing out that I am not a lender and that you should review any loan with a lender. Interest rates, terms, etc. can and do vary from time to time and from lender to lender. It is a good idea to shop around and see what works best for you. That said, below are the types of loans buyers are using the most in the Long Beach Island real estate market:

  • Conventional 30 year or 15-year loan

  • 7 or 10 year ARM

  • Construction loan


Click here to search all homes for sale in the Long Beach Island NJ real estate market

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Nathan Colmer

LBI Office 12800 Long Beach Blvd Beach Haven Terrace NJ 08008 I have lived on LBI my entire life and am actually the 4th generation in my family to do so. This have given me a deep knowledge base ....

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