The Seven Types of Mortgages
There are many different types of mortgages available on the market today. Some are better for first-time homebuyers, while others are more suited for those who are looking to upgrade or downsize their homes.
This blog post will discuss the seven most common types of mortgages. So, whether you are a first-time buyer or looking to switch up your current mortgage, read on for information about the best options out there.
A fixed-rate mortgage is exactly what it sounds like: a mortgage with a fixed interest rate for the life of the loan. Your monthly payments will always be the same, making it easier to budget for your mortgage payments each month.
The main benefit of a fixed-rate mortgage…
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