The 4 Types Of Mortgage Loans Compared And Explained
Why pickone over another? Read on to choose with confidence. 1. Fixed-Interest Home Loan 2. Adjustable-Rate Mortgage (ARM) 3. Interest-Only Loan 4. Federal Housing Administration (FHA) Loan
If You're Rejected for a Mortgage
If you’re application is rejected, don’t panic. There are many reasons you get rejected for a conforming mortgage: Debt-to-income (DTI) ratio is too high, Loan-to-Value (LTV) ratio is too high, credit Score too low, missing or incorrect documents and bankruptcy.