Types of Home Loans - New Tutorial Posted!

We're pleased to announce the latest addition to Home Buying Institute -- a comprehensive tutorial on the basic types of home loans.

Choosing a mortgage type is one of the most important decisions you'll make during the home buying process. After all, that mortgage loan is going to be with you for a while ... until you (A) sell the home, (B) refinance the loan, or (C) pay the loan off. So it's critical that you learn the pros and cons of each type of home loan before selecting one.

One of the biggest criteria in choosing a home loan is the length of time you think you'll be in the home. For instance, if you only plan to stay in the home for two or three years, and adjustable-rate mortgage can save you money in lower interest rates. But if you think you'll be in the home for many years, a fixed-rate mortgage will help you avoid the uncertainty of long-term economic changes.

But you'll learn about all this and more in our latest tutorial:
Types of Home Loans - A Home Buyer's Guide

Happy home buying!

~Brandon