Types of mortgage loans

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You may not be familiar with the concept of an interest only mortgage. Once a fairly common approach to home financing, this loan type does provide some significant benefits to qualified homeowners as well as some potential liabilities. Included in this helpful guide is plenty of interest only mortgage FAQs as well as varied information and ideas on when this loan strategy may be right for you as well as what you should know about interest only mortgages. #mortgage #realestate #homebuyer

A mortgage loan is a type of secured loan that is given in exchange for collateral. In this guide, we will explain the various types of mortgages so that you can choose the best one for your needs.

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Tips to get the best deal on your mortgage rate and learn about the important lender documents to track your closing costs.