Types of Mortgage Loans
A home is the ultimate investment. Some people consider homeownership the American Dream. If you’re considering buying a home, there’s a lot to consider, such as your down payment, escrow and mortgage. You should become especially well acquainted with mortgage terms, as you’ll need to know the ins and outs of them to make the best financial decision for you.
However, mortgage loan terms aren’t always easy to understand, so we’ve broken it down for you.
There are many types of mortgage loans. Whether California homeownership is a dream you’re working toward, or you’re looking to add to your property investments, California Banking Rates can help you find the best mortgage rates. The most popular types of mortgages are:
- California Fixed Rate Mortgages
- Adjustable Rate Mortgages (ARMs)
- Refinance Mortgages
No matter what type of mortgage seek, we connect you with lenders who offer adjustable rate mortgages or fixed rate mortgages, and if you’re looking to refinance you California mortgage loan, we can help you, too.