What You Should Know About The Mortgage

Fixed-rate mortgages
 The pros and cons of 30-year and 15-year fixed-rate mortgages are explained, as well as the differences in interest paid over the life of the loans.
Adjustable-rate mortgages
 Adjustable-rate mortgages, or ARMs, move with market interest rates. Here we explain which rates are used and how your payments might be affected.
Deciding between an ARM and a fixed-rate mortgage
 Now that you know the difference between the two types of mortgages, we'll compare them side-by-side to make it easy for you to decide which to take.
Other types of mortgages
 We explain the other types of mortgages you've heard about: jumbo, balloon, two-step, assumable, construction and seller financing.
Which type of lender is right for you?
 This section explains the different types of lenders you might get a mortgage from and which is the best one for your situation.