30 year fixed 7 How a Conventional 30 Year Fixed Mortgage Works You’ll pay off the mortgage in 30 years. Although you’ll pay more interest over the life of the loan compared to lower term year mortgages, your monthly payments will be lower. You can pay...
15 year fixed 7 How a 15 Year Fixed Mortgage Works You’ll pay off the mortgage in 15 years. Because you’ll pay off the loan faster than a 30-year mortgage, you’ll pay less in interest over the life of the loan. You can pay down your mortgage at any time...
USDA LOANS 7 How USDA Loans Work USDA loans, also known as rural development loans, are backed by the U.S. Department of Agriculture and provide affordable mortgage options for homes in rural areas than other loans do. If you’re buying a home, you can get a...
VA LOANS 7 The Advantages of VA Loans No down payment required VA loans are available with fixed rates on a variety of terms, so you can choose the length of the mortgage that works for you. Need something more short term? You can still get a low interest rate...
JUMBO LOANS The Different Types of Jumbo Loans All jumbo loans are available with a fixed or adjustable rate. Jumbo loans are available with different terms – the length of the mortgage. How Jumbo Loans Work Jumbo loans are also called “nonconforming” loans...
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