HOME LOAN TYPES

The most common type of home loan is the 30-year, fixed mortgage. But there are loans available with shorter terms and with longer terms. Additionally, there are loans with adjustable interest rates and even those with interest rates that are so low that the amount owed on the loan increases every month.

Here is further information on the a few different loan types:

30-year fixed loan

15-year fixed loan

ARM (Adjustable Rate Mortgage)

FHA/VA Mortgage Loans