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WHAT ARE THE DIFFERENT MORTGAGE TYPES?

By A Web Design

Mortgage typesThere are many different mortgage types from Adjustable Rate Mortgages (ARMs) to VA Mortgages.

Below are 14 different mortgage types.

They are (in alphabetical order):
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THE MORTGAGE PROCESS HAS NEVER BEEN MORE TRANSPARENT, THANKS TO THE GFE

Happy Owners Because of the GFEWhat is a GFE?

A Good Faith Estimate referred to as a GFE must be provided by a mortgage lender or broker in the US to a customer, as required by the Real Estate Settlement Procedures ACT (RESPA). The estimate must include an itemized list of fees and costs associated with your loan and must be provided within three business days of applying for a loan. The good faith estimate is only an estimate and the final closing costs may differ.

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ARM INDEXES

dreaming of new homeThere are many possible ARM (Adjustable Rate Mortgages) indexes. Each one has distinct market characteristics and fluctuates differently.

The most common indexes are:

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HOW TO REDUCE YOUR MONTHLY MORTGAGE LOAN PAYMENTS

Reduce Your Mortgage PaymentWouldn’t you love to know how to reduce your monthly mortgage payments?

Here are 2 ways to reduce your monthly loan payments.

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