Aren there really just two kinds of mortgages: fixed and adjustable rates?
You could say that, because all mortgages fall into one of these two categories – that is, the interest rate you pay is either the same (fixed) for the life of the mortgage, or it can change (adjust) over the life of the mortgage. But within these two broad categories, there are many different kinds of Mortgages in Savannah, designed to fit people in different financial situations – and many of them are especially for first time home buyers. There are so many different questions it would be impossible for us to go through them all. If there is anything that we can answer for you that wasn’t already talked about, please let us know. SAVANNAH LOAN PROGRAMS • FHA-Government loan that allows you to purchase a home with a lower down payment, and come with guidelines that let more people qualify. • VA (Veterans Administration)-Loans available for veterans of the armed services, those currently on active duty or in the reserve, and their spouses. A VA loan can make it possible to buy a home w
