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
Prime Mortgage Requirements: A Look at Then and Now
One effect of the housing market's collapse has been tougher requirements for prime mortgage loans. While there have been some hints in recent months that lenders are loosening these strict requirements, there remains a wide gulf between previous and current requirements.