You may think that your only option is a 30-year, fixed rate mortgage when it comes to buying a home. But there are many options on the market.
Here’s a simple summary of 16 kinds of mortgages, some typically common and some less so.
Fixed Rate Mortgage
Fixed price mortgages will be the many popular choice. A group rates of interest suggest predictable monthly obligations. These re payments are spread throughout the duration of a term, which varies from 15 to 30 years, typically. Read More