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The NexTag Guide to Mortgages: Types of Mortgages
If you are already familiar with the various types of mortgages and their advantages and disadvantages, you can immediately be matched with up to five mortgage lenders. Otherwise, here is an excellent guide help find a mortgage that's right for you.There are two basic groups of mortgages, which are best categorized as either being primary or secondary. For the most part, secondary mortgages are usually a variation of one of the primary mortgages.
The Primary Mortgages
- fixed-rate mortgage
- adjustable-rate mortgage
- variable-rate mortgage
- 80/20 mortgage
- 100-percent financing
- balloon mortgage
- biweekly mortgage
- blanket mortgage
- buydown mortgage
- COFI mortgage
- conventional mortgage
- convertible mortgage
- dual-index mortgage
- graduated-payment mortgage
- hybrid mortgage
- interest-only mortgage
- jumbo mortgage
- LIBOR mortgage
- overlapping mortgage
- overriding mortgage
- piggyback loans
- pledged-asset mortgage
- reverse mortgage
- simple-interest mortgage
- subprime mortgage
- two-step mortgage
- wraparound mortgage
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