Are there more mortgage types now than there used to be?

Are there more mortgage types now than there used to be?

If you haven’t bought a home in recent years, or if you’ve never had a mortgage, you may be surprised at the number of options available. A couple of decades ago there were basically three mortgage types available to a homebuyer: a fixed-rate conventional mortgage, an FHA loan or a VA loan. Not anymore.

In addition to those loans, there’s a plethora of new programs, each with features that are tailored to a certain type of buyer’s specific needs. Weiterlesen