Mortgage Basics – Types of Mortgage Loans

Mortgage Basics - Types of Mortgage Loans by Horizon Home Mortgage

Lenders – banks and financial institutions – have their own individual mortgage products or types of mortgage loans. However, these loan products typically fall into these categories.    What is a loan product? The very basic definition of “loan product” is simply “a type of loan account”. For example a 15-year, fixed rate mortgage is… [Read More]