There are many different mortgage programs available to a borrower and each program will offer different options.
There are two main types of mortgage loans: Fixed Rate Programs and Adjustable Rate Mortgages (ARM's). Most other programs are variations of these two types of loans.
Please note that while this section will list benefits, the Mortgage Strategies section will review the lending strategies of the different mortgage programs and offerings.
The reason there are so many programs available is that each borrower will have different financing needs. By reviewing the various options available a borrower should be able to find the one that best meets their need. Remember, the perfect program for one borrower may be the worst program for another so be carefull when taking advice from others.
Here are a few of the most popular programs available
Fixed Rate Mortgages
Adjustable Rate Mortgages (ARM's)
Federal Housing (FHA) Loans
2 Step Loans
Sub Par Credit Loans
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