Need A Mortgage? Know The Differences Between 4 Types Of Loans
Are you looking into buying a home but you don't know the differences between all the types of loans out there? If so, it will help to have a breakdown of the following types of loans. FHA Loan An FHA loan is from the Federal Housing Administration and is a good option for first-time homebuyers. It doesn't require a large down payment or a great credit score in order to be approved, which makes home buying accessible to many homeowners.