There’s no one-size-fits-all approach when it comes to financing a home. Instead, there is a wide range of conventional and government options. Here is a complete look at the basic alternatives to help you decide which kind of mortgage loan is right for you. Fixed-Rate Mortgage Can be obtained with as little as 5 percent down payment. If the
A 30-year mortgage is quite common among homebuyers because it spreads out the cost of a large loan over three decades, thereby making monthly payments more affordable. But you aren’t required to go that route. Instead, you might consider a 15-year mortgage that will cut your repayment period in half. Toward that end, here are three reasons to obtain a
Unless you have a boatload of cash lying around somewhere, applying for a mortgage is the way to owning a home for many. What can you expect? A lot of questions, especially since loaning someone money is a risky proposition and your mortgage lender will require some assurance that you’ll pay them back. To help you prepare, realtor.com offers up
