front view of orange-brown house with tile rood

The Different Types of Mortgages

It’s time for you to get a mortgage for that home you’ve been wanting in Phoenix. You walk into a branch, sit down to talk with someone, and they ask, “What type of mortgage are you looking for?” At that point, your mind goes blank and all you can think is, “Uh… a regular one?”

What most people don’t know is that there are many different types of loans you can obtain on your house, depending on what you’re looking for and can afford. Here’s what you need to know to help you make a decision about which mortgage product might be right for you.