Understand Residential Mortgages

Understand Residential Mortgages Types

• Fixed-Rate Mortgages: Offer a stable interest rate throughout the loan term, providing predictable monthly payments.
• Variable-Rate Mortgages: Interest rates fluctuate based on market conditions, which can affect monthly payments.
• Private Mortgages: Provided by private lenders, these can offer more flexibility, especially for those with unique financial situations. Learn more about private mortgages.
• Construction Mortgages: Designed for building a new home, these loans release funds in stages as construction progresses. Explore construction mortgage options.