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What is the best loan for good credit?

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The better your credit, the more loan options you'll typically have. All mortgage loans have varying benefits, so it's a matter of finding which benefit is most helpful to you. Active duty and veterans for example may find that a VA loan with no-money down makes the most sense. For other borrowers who don't plan to stay in a home for a long time, the best loan may be a short-term fixed loan, which will become an adjustable rate mortgage (ARM) unless you refinance, or sell. For other buyers in California with good credit, the best loan may be a standard 30-year fixed loan. You should let your mortgage broker know of your short and long term plans, so the loan that is best suited towards helping you reach your goals can be selected.