The Five
Types of
Mortgage Loans
Mortgage Loans
Not so long ago, shopping for a mortgage was a bit like taking a true or false test. There weren't a lot of choices. All that has changed. You're unique. And so, too, is your home mortgage financing need.
There are now a myriad of choices when it comes to mortgages. But choice can also lead to confusion. You can easily make the right choice simply by understanding the differences. Browse through the five mortgage categories:
Both Fixed Rate and ARM loan products are available with or without Interest Only repayment options. Go to Compute Interest-only versus Conventional Payments to do a real analysis of this option.
- Fixed Rate Mortgage Loans
- Balloon Mortgages
- Adjustable Rate Mortgage (ARM) Loans
- Buydown Mortgage Loans
- Home Equity and Second Mortgage Loans
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