If you are considering buying a house, it is important that you understand the different types of mortgage loans that are available so that you can choose the loan that is right for your situation. There are more types of financing available now than ever before, which is beneficial for the buyer, but which can also make things difficult to figure out. The two basic categories of mortgage loans are fixed-rate and adjustable-rate loans. Fixed-rate mortgages keep the same interest rate for the … [Read more...]
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