4 Types Of Mortgage Loans You Should Know About
If you're looking to buy a home but don't have enough cash to pay the whole amount upfront, mortgage loans are your go-to-go option. There are different types of mortgage loans you can choose from depending on your needs. Here are four of them. The Fixed-Rate Mortgage This is one of the most popular financing options. At the beginning of your loan, the lender offers you a specific monthly payment and interest rate.