Today, as never before, there are mortgages available for virtually
every home buyer. Whether you want lower payments, a bigger loan
or have credit problems, there's almost certainly a mortgage out
there to fit your needs.
While there are literally hundreds of different types of mortgages
available, most of them fit into certain popular categories, noted
below. Before checking them out, however, it's worth a few moments
to take a look at some of the more common terms used by lenders.
This will help you understand what's involved when you're mortgage
hunting.
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