0 Home Helper Mortgage Services - Types of Mortgages


Contact Us | Home | Mortgage News | Syndicate | Site Map   

 Types of Mortgages


(Page 1 of 2)   « Back | 1 | 2 | Next »

» Reverse Mortgage A Popular Loan For Senior Citizens

Category | Types of Mortgages

Are 62 years of age or older, own a home, and need some extra cash? Depending on additional requirements, you may be eligible for a reverse mortgage. No loan payments are required while the reverse mortgage is outstanding. The loan is repaid when you cease to occupy the home as your principal residence, when you sell the home or when you die.

 full story    printer version
» Popular Programs
Category | Types of Mortgages
Here's a brief summary of some of the more popular programs for mortgages:
  • Department of Veterans Affairs (VA) mortgages
  • Federal Housing Administration (FHA) mortgages
  • Rural Housing Service mortgages
  • State and local government-backed mortgages
  • Down payment assistance programs
 full story    printer version
» Other Types of Mortgages
Category | Types of Mortgages
Borrowers don’t realize how diverse the mortgage industry is. There are other types of mortgages and ways to finance a home besides the standard fixed rate and adjustable rate mortgages. Some of the other types of mortgages include:
  • Construction mortgages
  • Seller financing
  • Assumable mortgages
  • Two-step mortgages
  • Jumbo mortgages
  • Balloon mortgages
 full story    printer version
» Fixed Rate Mortgage 30/15
Category | Types of Mortgages
There are several types of mortgages offered by lenders, but the most common are fixed rate mortgages. Generally, these loans are popular because consumers choose fixed rates because they don’t want their house payment to rise and fall with interest rates. They also choose these loans because whenever rates are low, the fixed rate mortgages are very affordable. A borrower who chooses a fixed rate mortgage has two options: 15 year or 30 year loan. Which one is better for you?
 full story    printer version
» Which is the Best Mortgage Option for You?
Category | Types of Mortgages
Fixed Or Adjustable?

Having the low initial cost of adjustable rate mortgages (ARMs) can be very tempting to home buyers, yet they carry the degree of uncertainty. On the other hand, having a fixed rate mortgage can offer rate and payment security, but they can be more expensive. There are many advantages and disadvantages of the adjustable rate mortgage and the fixed rate mortgage.

 full story    printer version

(Page 1 of 2)   « Back | 1 | 2 | Next »