Mortgage Q&A: “What is the easiest type of mortgage to get?” Relative to other types of loans, it can be difficult to get approved for a mortgage. After all, mortgage lenders typically require a tri-merge credit report, steady income and employment, and assets in the bank. They don’t...
There are several different types of mortgage lenders. Understanding how they work and their pros and cons can help you better evaluate your options and choose the right type of mortgage lender for you. Mortgage Brokers Mortgage brokerswork with a host of different lenders to help you find a l...
How to Choose the Best Mortgage Home Loan for You At Shea Mortgage, we believe that choosing the right mortgage is as important as choosing the right home. With so many loan programs, terms, and rates available today, it can be difficult to know where to begin. That's where our team...
No matter which option you choose, compare rates across types to make sure that you’re getting the best deal. Types of Mortgages Mortgages come in various forms. The most common types are 30-year and 15-year fixed-rate mortgages. Some mortgage terms are as short as five years, while ...
Adjustable-rate mortgage (ARM) Other types of home loans How to choose the right type of mortgage loan for you Key takeaways The main types of mortgages are conventional loans, government-backed loans, jumbo loans, fixed-rate loans and adjustable-rate loans. There are other types of mo...
If you think about putting your house or apartment on themortgage, it is important to understand how the process works and what types of mortgage you can choose in Mexico. How does it work? The Mexican federal civil code explains that the mortgage is a real warranty enforced to real estate...
The journey to homeownership isn’t always a simple one—with weighty decisions such as what type of mortgage to take out and where to borrow so you get the best interest rate—and it doesn’t end the day you receive your keys, either. At that point, you’ve probably got 15 to 30...
With our own mortgage, Habito One, you can even fix your deal for the whole term of your mortgage –up to 40 years. How long you choose to fix for will depend on whether you lean towards flexibility or stability. If you want to sell up and move reasonably soon, a two-year fixed ...
A mortgage is simply the financing of a home. Like an auto loan, a mortgage allows the consumer to legally own the underlying asset (car, home). Like auto loan paperwork, mortgage paperwork allows the lender to take back or “repossess” the underlying asset (aka “collateral”) if the ...
Types of Mortgage Loans You can choose from several types of loan products, each with their owneligibilityand down-payment requirements. FHA Mortgage Loans These loans are backed by the Federal Housing Administration (FHA). They require as little as 3.5% for a down payment, and they allow for...