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Finding the Best Mortgage
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Interest-Only Mortgage Refinance
Types of Mortgages
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If you need money to consolidate debts or pay for a home improvement project, but you don't have personal … More
For some senior citizens, especially those on fixed incomes, the cost of living is beyond their ability to… More
There are several mortgage loan options available to home buyers. Some buyers choose fixed rate mortgages … More
Some types of mortgages include fixed mortgages, adjustable rate mortgages and interest only mortgages. Le… More
Mortgages are basically a repayment that encompasses real estate and which are based on monthly payments t… More
Interest-only mortgages are loans that only require the interest be paid every month. These are good loan… More
Mortgage refinancing is any mortgage activity, usually when a home owner takes out a second mortgage for r… More
Mortgage rates vary depending on the location, the loan amount and the state of the economy, so shopping a… More
There are many reasons that homeowners choose to refinance their home. Some of the most common reason are … More
So you want to buy a house, right? Here's an easy-to-follow guide that will help you along the process of … More
When calculating an interest-only mortgage, figure out the loan amount, the interest rate and the term on … More
The mortgage principal is the balance of the loan, not including the interest, taxes or any insurance fees… More
Finding the best mortgage rates in an economy with tight credit challenges even people with excellent cred… More
Assumable mortgages are no longer prevalent, but there used to be both qualifying and non-qualifying assum… More
Summary: Some types of mortgages include fixed mortgages, adjustable rate mortgages and interest only mortgages. Learn about the benefits of each with expert tips from a registered financial consultant in this free video on financial planning.
Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more
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"This is financial adviser Patrick Munro, discussing what are the different types of mortgages. Basically there are 30 year fixed mortgages, those are the grand daddy of all mortgages, there are adjustable rate mortgages, which are commonly known as ARMS, and then there are interest only mortgages. And interest only mortgages that are newest derivative of what we were talking about. 30 year fixed mortgages are the most traditional type of mortgages. There are also hybrids of these different types of mortgages as well. In fact there are hundreds of mortgage products that are out there. And of course there are thousands of financial institutions, ranging from banks and credit unions offerings these particular products to their customers. Basically sitting with a good financial planner and a good mortgage professional will assure that you get the best mortgage products for your needs. This is Patrick Munro, financial adviser, discussing the different types of mortgages."
eHow Article: Types of Mortgages
Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.
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