Log in     Support     Status

Are there different types of mortgages?

by | Oct 23, 2020

Yes, there are fixed-rate mortgages where the interest rate remains the same throughout the entire loan lifecycle. This is a good option when interest rates are low. Then, you have adjustable-rate mortgages which means payment rates change because interest rates change. There are also government-insured loans such as VA and FHA loans. Lastly, there are conventional loans that do not have a guarantee from the federal government.