What are the different types of mortgage facilities in USA?

Hi sunil,

There are various types of mortgages available in the market. But there are primarily two types of mortgages, namely fixed rate mortgage and variable rate mortgage. A fixed rate mortgage offers a fixed interest rate throughout the life of the loan. On the other hand, in a variable rate mortgage the interest rate undergoes frequent changes periodically. There are also hybrid mortgages which are a combination of both fixed and variable types of mortgages. To know more on various loan programs you can refer to the following page:
http://www.mortgagefit.com/loan-programs.html

Hi sunil87020,

Welcome to our forum.

Are you US resident ?

I can give types of mortgage to you.

Type of Mortgage Mentioned Below.

1) Fixed Mortgage :-
This is the common type of home loan ( Mortgage ). The borrowing rate of the fixed mortgage stays the same over the life of the residential mortgage loan. You can repaid it by monthly payments to lender..

2) Interest Only Mortgage :-
In Interest Only Mortgage here this mortgage is not features payments of principal made at the starting of the mortgage.

&

Other types of Mortgage is

4) The Adjustable Rate Mortgage (ARM).

5) Federal Housing Authority (FHA) Mortgage.

6) Veterans Affairs Loan.

7) Two Step Mortgage.

8) Biweekly Mortgage.

Thanks & Regards.

Welcome for Further Queries.

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Be Aware.

hi ,
can you explain 4,5,6 and 7 please?

oh gunzi!