August 27, 2008
Which Type Of Mortgage Should I Get?
I am starting to look into mortgages since I want to get a house, and I am getting confused with all the different options. Which type of mortgage should I get? It looks like the mortgage services companies offer fixed rate mortgages, adjustable rate mortgages, combination mortgages, balloon mortgages, mortgages with PMI, 80:20 mortgages, and so many other options. Can anyone tell me where I can go online to find out more about all of the different types of mortgages so I can figure out which type of mortgage would be the best for me? I want to be able to make an informed decision.