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What types of home mortgages are available to purchase a home?

April 26, 2017Home mortgages purchase types

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What types of home mortgages are available to purchase a home?

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Just like mortgage refinance loans, home mortgages typically fall into two categories: fixed rate mortgages (FRMs), and adjustable rate mortgages (ARMs). Both types have their benefits based on your individual needs. Consult a mortgage counselor or other financial professional to help determine which loan type is right for you.