How Do You Make The Right Selection Among The Types Of Mortgage Loans?
How to Make the Right Selection Among the Types of Mortgage Loans Friday August 28, 2009 Whether you need a mortgage loan as a first-time home buyer or move-up buyer, to retire, refinance an existing mortgage or pull out equity, it helps to get a basic understanding of the various types of mortgage loans available to you. Choosing the right mortgage loan is as important as choosing the best lender. Because a good lender will explain options that fit your particular criteria; there is no one-size-fits all anymore. By doing a little bit of homework, you can arrive at your loan officer’s desk with knowledge that will help you make that choice — not to mention, you won’t feel like your loan officer is speaking a foreign language when using terms such as adjustable-rate mortgages, index and margins, amortization or interest-onl
