Sentences with phrase «main type of mortgage loan»

The other main type of mortgage loan is known as a variable - rate mortgage.

The main types of mortgage loans are adjustable rate mortgages, fixed - interest mortgages, and interest - only mortgages.

Not exact matches

Low rates aren't the main advantage of the VA loan program — that would be the low down payment option — but for now the best VA lenders seem to offer slightly better rates than most other mortgage types.

There are three main types of mortgages: conventional mortgages, which are backed by Fannie Mae and Freddie Mac; FHA loans, which are designed for low income or credit poor individuals and are backed by the Federal Housing Administration; and VA loans, which are for veterans and are backed by the Department of Veterans Affairs.

The FHA offers three main types of refinance mortgage loans:

For most people, the choice comes down to the two main types of loans: fixed - rate and adjustable rate mortgages, or ARMs.

These type of loans are given as mortgages registered on a property and the main basis for approval is home equity.

Option ARMs with Interest - Only Payment Options The main advantage of this type of loan is the flexibility of making one of several possible payments on your mortgage every month, in order to better manage your monthly cash flow.

The main purpose of the VA home loan program is to help veterans finance the purchase of homes with favorable loan terms and at a rate of interest which is competitive with the rate charged on other type of mortgage loans.

There are two main types of mortgages: a conventional loan guaranteed by a private lender or banking institution, or a government - backed loan.

There are two main types of debt consolidation loans: personal loans and mortgages.

There are two main types of second mortgages: home equity lines of credit and lump - sum home equity loans.

There are four main types of portfolio loans: Balance Sheet Loans, Blanket Mortgages, Jumbo Loans, and Cash - Out Refinanloans: Balance Sheet Loans, Blanket Mortgages, Jumbo Loans, and Cash - Out RefinanLoans, Blanket Mortgages, Jumbo Loans, and Cash - Out RefinanLoans, and Cash - Out Refinancing.

While these are rare in today's mortgage climate, the main reason buyers sign on for these type of loans, which add 10 years to the traditional 30 - year mortgage, is to take advantage of smaller monthly payments.

The main reason buyers sign on for these type of loans, which add 10 years to the traditional 30 - year mortgage, is to take advantage of smaller monthly payments.