There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them. Luckily we're here to help you choose the best type of home loan for your needs.
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The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan's lifetime.
Adjustable-rate mortgages include interest payments which shift during the loan's term, depending on current market conditions. Typically, these loans carry a fixed-i...
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specif...
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and...
A conventional loan is a type of loan that is not insured by the government. Conventional loans offer more flexibility and fewer restrictions for borrowers, especially those borrowers with good credit and steady income.
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no ...
A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $766,550 in...
73% of adults rank finances as the largest source of stress in their lives. With a reverse mortgage, you can use your home equity to reduce financial stress and build a brighter future.
Did You Know That You Can Refinance Your Reverse Mortgage?
If your home value has increased, you may be eligible to refinance and get access to more home equity.
Whether you're looking for the maximum payout, a line of credit, or a boost. to your purchasing power, HomeSafe could help you achieve your goals. You could choose from a suite of products with interest reate options and flexible ways to access your payments.
Every retirement is unique, the financial tools that support them should be too. Let's compare a Home Equity Conversion Mortgage (HECM) and a home equity line of credit (HELOC) to see which option is right for you.
