The main types of mortgage loans are adjustable rate mortgages, fixed - interest mortgages, and interest - only mortgages.
The other
main type of mortgage loan is known as a variable - rate mortgage.
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 Refinan
loans: Balance Sheet
Loans, Blanket Mortgages, Jumbo Loans, and Cash - Out Refinan
Loans, Blanket
Mortgages, Jumbo
Loans, and Cash - Out Refinan
Loans, 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.