Pros And Cons To Three Types Of Mortgages
Has your offer on a home been accepted, and now you need to secure a mortgage? You may be wondering which type of mortgage you should get, with there being so many available to you. Here are a few pros and cons of three different types of mortgages.
30-Year Fixed-Rate Mortgage
One of the most popular types of mortgage is a 30-year fixed-rate mortgage. This is because the mortgage will provide a consistent monthly payment that is affordable, and stretch those payments out over a very long period of time.