Besides the conventional and widely used types of mortgage loans there are a few others as well. Interest only and hybrid home loans are a couple of such mortgages.
In the past there were three types of mortgage loans available for any home buyers and these were –
Most Popular Three Types of Mortgage Loans
Most popular types of mortgage loans these days are –Besides the above three most popular types of mortgage loans there are also other types of mortgage loans available for the prospective mortgagor. Such mortgages include-
Types of Mortgage Loans that are Hybrid
A few hybrid types of mortgage loans are available for the prospective borrowers that are based on combination of features of different types of mortgage plans. Some of the widely used hybrid mortgage loans are –Besides all these types of mortgage loans there are also a few special types like the streamline K mortgage loans, bridge or swing loans, equity mortgage loans, and reverse mortgage loans available for senior citizens.
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