Choosing a Mortgage Type

Below is a chart of mortgage types which includes both their advantages and disadvantages.

Choosing the best mortgage type should be based on your specific situation. This includes your ability to pay off the loan in a given time, when you expect to sell your home, and what payment you can afford. In order to protect yourself financially, it is highly recommended that your mortgage rate is fixed for at least as long as you plan to be responsible for the loan payments.


Before you apply, understand the process:

Allow us to walk you through each step in researching and obtaining the proper home loan that fits you.

  1. Mortgage Introduction
  2. Understanding Your Financial Situation
  3. Choosing a Mortgage Type
  4. Shopping for a Mortgage Company
  5. Getting Your Mortgage Purchase Loan Pre-Approved
  6. Taking Advantage of Realtor Services
  7. Finalizing Your Purchase Mortgage Loan


Why is Mortgage Purchase Loans non-bias?

The only funding this website receives is via Google Advertisements. We are not directly affiliated with any mortgage company and although we encourage you to shop with our websites sponsors, we do not recommend any specific bank or mortgage company.

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