While shopping for a mortgage, you will need to decide whether to take a fixed-rate mortgage or an adjustable rate mortgage (ARM). As the name implies, the interest-rate of a fixed-rate mortgage will remain the same throughout the life of the loan. If interest rates are low when you are buying or refinancing a home, […]
Buying a Home: Comparing Home Loan Types
If you are buying a home, it’s a good idea to make sure you firmly understand the options you have with regard to the types of home loans. Between the various home loan types, there are important differences. By making sure you choose the right type of home loan to fit your situation, the more […]
Confused By All The Types of Home Loans?
Confused By All The Types of Home Loans? Once you begin shopping for a mortgage, you will quickly learn there is a mind boggling assortment of types of mortgages. First of all, today’s borrower has to choose between fixed and adjustable rate mortgages. A fixed rate mortgage will usually be at a higher rate than […]